Investment Learning

  • September 20, 2024

Federal Reserve May Consider Rate Cut If Job Market Deteriorates

According to BlockBeats, on September 20, Federal Reserve Governor Christopher Waller indicated that the central bank might contemplate a 50 basis point rate cut if the employment market shows signs of significant weakening. This statement underscores the Fed's readiness to adjust monetary policy in response to economic conditions, particularly in the labor sector. Waller's comments come amid ongoing discussions about the health of the U.S. economy and the appropriate stance of monetary policy to support sustainable growth and employment. The potential rate cut would be a significant move, reflecting the Fed's commitment to mitigating economic downturns and ensuring stability in the job market.

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  • September 20, 2024

Visa Executive Predicts Growth in Non-USD Stablecoins

According to Odaily, Visa's Head of Crypto, Cuy Sheffield, has forecasted a significant increase in the demand for stablecoins based on non-USD fiat currencies in the coming years. While the US dollar is well-suited for cross-border transactions, Sheffield emphasized the importance of fast and efficient local currency conversions, which presents a substantial opportunity for other local currency stablecoins. He predicted that every major fiat currency will eventually be represented on the blockchain. Sheffield welcomed the emergence of more stablecoins that differentiate themselves from USDT or USDC, describing this as an 'exciting' trend. He also highlighted that 2024 marks a turning point, with some non-crypto companies beginning to explore the use of stablecoins to address the challenges of paying overseas freelancers.

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  • September 20, 2024

U.S. Inflation Data Expected to Take Backseat Amid Focus on Employment Market

According to Odaily, analysts from Bank of America have indicated in a report that the Federal Reserve's increased focus on the weakening U.S. employment market may cause next week's inflation data to be less significant. Following the moderate CPI and PPI data released earlier this month, the personal consumption expenditure inflation for August is set to be announced next Friday. Bank of America forecasts a monthly growth rate of 0.1%, down from July's 0.2%. Weekly jobless claims will be released on Thursday. Bank of America economists stated, 'We still believe that a dovish Federal Reserve combined with a resilient economy will lead to a steeper yield curve, including a steeper breakeven curve.'

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  • September 20, 2024

JPMorgan Economist Predicts Faster Rate Cuts Than Fed Consensus

According to Odaily, JPMorgan Chief Economist Michael Feroli has expressed his expectation that interest rate cuts will occur more rapidly than the Federal Reserve's consensus. Feroli indicated that if the upcoming two employment reports show further weakness, there could be a 50 basis point rate cut at the next meeting in early November.

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  • September 20, 2024

Economists Predict Federal Reserve Rate Cuts in November And December

According to Odaily, a Reuters survey reveals that out of 107 economists, 86 believe the Federal Reserve will reduce interest rates by 25 basis points in both November and December, bringing the rate to 4.25%-4.50%. By the end of 2025, the Federal Reserve is expected to lower the federal funds rate to 3.25%-3.50%.

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