Analyst: The road to future interest rate cuts may be more complicated

GoldenOctober2024

2024-11-07 19:56:05

On November 8th, Golden Data reported that Ben Vaske, a senior investment strategist at Orion Investment Portfolio Solutions, stated that the FOMC announced a 25 basis point drop in interest rates as scheduled today, indicating a decrease in their aggressiveness compared to the rate cut in September. It is worth noting that since the first rate cut, the long-term Interest Rate has been on a sharp rise and began to decline after today’s announcement of the rate cut. Against the backdrop of a strong U.S. economy, the future path for the Fed may be more complicated than a steady rate cut.

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