Trump's election victory puts US Fed on path for fewer rate cuts

Quick Summary:

Traders are now betting the Fed will cut its policy rate only twice in 2025.

Trump campaigned on promises to fix what he sees as an ailing economy, and plans to impose higher tariffs, reduce taxes, and launch an immigration crackdown to do that.

Several Wall Street economists on Nov 7 cited those risks as they pencilled in fewer Fed rate cuts in 2025.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Central Rate Meeting Trump’s Interest Market Higher Policy Cent Fed’s Policies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 01:58:45 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23451011

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 19 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 49 minutes ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #25

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