🚀 U.S. Treasury Secretary Criticizes Federal Reserve's September Rate Cut
#USTreasury #FederalReserve #InterestRateCut #SeptemberRateCut #TreasurySecurities
According to Odaily, U.S. Treasury Secretary Besent has reiterated concerns that the Federal Reserve's interest rate cut in September was excessively large. Additionally, he noted that the Federal Reserve is currently reducing its holdings of U.S. Treasury securities.#USTreasury #FederalReserve #InterestRateCut #SeptemberRateCut #TreasurySecurities
🚀 Trump's Influence on Federal Reserve and Economic Outlook
#Trump #FederalReserve #Fed #FOMC #JacksonHole #NonFarmPayroll #NFP #LaborMarket #Jobs #Inflation #CPI #RateCut #SeptemberRateCut #Nvidia #AI #ArtificialIntelligence #AIspending #Crypto #Bitcoin #Cryptocurrency #Stocks #Market
According to BlockBeats, U.S. President Donald Trump appears determined to form a more cohesive team within the Federal Reserve to shift policies towards a dovish stance. Currently, Bowman, Waller, and Milan are generally seen as supporters of Trump. If Governor Cook is replaced, even without appointments to the two vice-chair positions and the next chair, the pro-Trump voices on the board would increase to four.
Last week's Jackson Hole meeting redefined the Federal Reserve's risk balance. Officials expressed greater concern over the slowing job market and highlighted the revision of non-farm payroll data. In their view, the labor market's current state is more significant than the risk of accelerating inflation. This paves the way for a potential rate cut in September, although a non-farm payroll and CPI report will be released before the FOMC meeting.
Additionally, Nvidia, a key player in the AI sector, is set to release its earnings report after the market closes today. The market will closely watch Nvidia's performance and guidance to assess whether revenue growth driven by AI spending remains resilient.
The recent weakness in the cryptocurrency market seems linked to actual selling pressure from large holders. If U.S. stocks decline from this point, traditional financial investors' confidence in Bitcoin may be tested, signaling a new wave of risk.#Trump #FederalReserve #Fed #FOMC #JacksonHole #NonFarmPayroll #NFP #LaborMarket #Jobs #Inflation #CPI #RateCut #SeptemberRateCut #Nvidia #AI #ArtificialIntelligence #AIspending #Crypto #Bitcoin #Cryptocurrency #Stocks #Market
🚀 Federal Reserve's September Rate Cut Likely, CME Data Shows
#FedWatch #FederalReserve #RateCut #SeptemberRateCut #OctoberRateCut #CME #PANews #InterestRates
According to PANews, recent data from CME's 'FedWatch' tool indicates a 0% probability of the Federal Reserve maintaining its current interest rates in September. Instead, there is an 88.3% likelihood of a 25 basis point rate cut and an 11.7% chance of a 50 basis point reduction. Prior to the data release, the probability of a rate cut was 0%. Looking ahead to October, there is a 0.4% chance of rates remaining unchanged, a 36.2% probability of a cumulative 25 basis point cut, and a 63.4% likelihood of a cumulative 50 basis point reduction.#FedWatch #FederalReserve #RateCut #SeptemberRateCut #OctoberRateCut #CME #PANews #InterestRates
🚀 U.S. Non-Farm Payrolls May Be Revised Down by 1 Million, Fueling Fed Rate Cut Bets
#NFP #NonFarmPayrolls #PayrollRevision #USJobs #LaborMarket #JobsData #FedRateCut #RateCutExpectation #FedWatch #MonetaryPolicy #SeptemberRateCut #EconomicData #InflationConcerns
Key TakeawaysEconomists warn the Bureau of Labor Statistics (BLS) may cut up to 1 million jobs from prior payroll estimates.Wells Fargo and others forecast an 800,000-job downward revision, averaging 67,000 fewer jobs per month.A major revision would highlight labor market weakness and strengthen expectations for a September Fed rate cut.Labor Market Set for Major RevisionThe U.S. Bureau of Labor Statistics will release revised annual non-farm payroll (NFP) data on Tuesday. Economists from Wells Fargo, Cointelegraph, and Pansen Macro expect the March 2025 job tally to come in 800,000 lower than earlier reported. This implies the economy added 67,000 fewer jobs per month than initially thought.Nomura Securities, Bank of America, and RBC go further, projecting the revision could approach 1 million jobs.Fed Rate Cut Expectations RiseA sharp downward adjustment would confirm that the U.S. labor market slowed more than previously recognized in 2024, reinforcing the case for Federal Reserve interest rate cuts.Markets already price in a September rate reduction, with traders betting on at least a 0.25% cut, according to CME FedWatch data.Analysts suggest weaker jobs data could accelerate easing, even as inflation concerns persist. #NFP #NonFarmPayrolls #PayrollRevision #USJobs #LaborMarket #JobsData #FedRateCut #RateCutExpectation #FedWatch #MonetaryPolicy #SeptemberRateCut #EconomicData #InflationConcerns
🚀 U.S. Unemployment Claims Surge, Fed Rate Cuts Anticipated
#USUnemploymentClaims #FedRateCuts #FederalReserve #CPI #Inflation #EconomicForecast #MarketForecast #InterestRates #ShortTermFutures #PANews #SeptemberRateCut
According to PANews, recent reports indicate that U.S. unemployment claims have surged to their highest level in nearly four years. This development has intensified speculation in the short-term interest rate futures market regarding potential Federal Reserve rate cuts. Initially, the market anticipated at least two rate cuts by the end of the year. However, expectations have shifted, with predictions now suggesting four consecutive rate cuts from September through January, and a full pricing of three rate cuts within the year.
Despite these expectations, the stronger-than-expected rise in the August Consumer Price Index (CPI) may hinder the Federal Reserve from implementing significant rate cuts. The probability of a 50 basis point rate cut by the Federal Reserve in September has slightly increased from 8% to 10.9% following the report.#USUnemploymentClaims #FedRateCuts #FederalReserve #CPI #Inflation #EconomicForecast #MarketForecast #InterestRates #ShortTermFutures #PANews #SeptemberRateCut