Fed Rate Cut Guidance Will Exceed Wall Street’s Bearish Outlook

Quick Summary:

The cost of borrowing money will likely continue to drop, underpinning riskier assets like bitcoin, says Scott Garliss.

From 2000 to 2020, the real rate of interest based on PCE (effective fed funds minus inflation) has had an average rate of -0.05%.

Recent employment and inflation numbers show the pace of growth is returning to pre-pandemic levels of normal.

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Article Details

Author / Journalist: Scott Garliss

Category: Crypto

Markets: United StatesCuba

Topics: Outlook Inflation Rates Interest Coindesk Growth Policy Rate Money Year Wall

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 19:52:47 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1085 words

Reading Time: 7 minutes read

Sentences: 78 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24536433

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