Banks shift Dec. rate cut Outlook amid dovish Fed remarks
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Most Fed watchers and futures traders expect the Federal Reserve will trim the federal funds rate by a quarter point to a range of 3.5% to 3.75% on Dec. 10.
Mortgage rates remain near 6% as the Fed is expected to cut rates by 25 bps, with experts predicting minimal impact on home loans.
Bitcoin could drop to between $60K and $80K into year-end if the U.S. Federal Reserve holds interest rates steady at its policy meeting on Dec. 9-10. The BTC price has fallen sharply since the beginning of November as rate-cut expectations slipped below 50%.
The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite a prolonged cooldown of inflation. An interest rate cut is widely expected in the coming months.
By Pablo Sinha (Reuters) -Gold prices held steady on Tuesday as softer-than-expected U.S. retail sales data reinforced traders' expectations that the Federal Reserve will trim interest rates in December.
The odds of a Fed rate cut have shifted again, which could keep savings and CD rates elevated into next year. Here’s how to track what’s coming.