Fed rate cuts in 2024?

Fed rate cuts in 2024?

by Tiffany Wang, WOO Analyst

In a widely anticipated decision, the Fed has announced its intention to maintain the overnight federal funds rate within the established range of 5.25% to 5.5%, marking the third consecutive meeting without any alterations to monetary policy. While the market largely expected this decision, the unexpectedly dovish stance adopted by the Fed came as a surprise. This unexpected optimism is attributed to "promising inflation and moderating jobs data."

Consequently, the markets experienced an upswing, with US equities concluding the day not far from their historical highs. The Fed officials' median Summary of Economic Projections indicates a projected decrease of three-quarters of a percentage point in the federal funds rate to 4.6% by the close of 2024 and a further reduction to 3.6%, implying four quarter-point cuts, by 2025.

Crypto and blockchain events this week (Dec 18th ~ 30th)

Event

Dates

Country

Event link

International Conference on Blockchain and Cryptocurrencies

20 December

Turkey

International Conference on Blockchain and Cryptocurrencies

International Conference on Blockchain and Cryptocurrencies

20 December

United States

International Conference on Blockchain and Cryptocurrencies

4th International Conference on IoT, Blockchain & Cloud Computing (IBCOM 2023)

23 December

Australia

4th International Conference on IoT, Blockchain & Cloud Computing (IBCOM 2023)

International Conference on Blockchain and Cryptocurrencies

27 December

Austria

International Conference on Blockchain and Cryptocurrencies

International Conference on Blockchain and Cryptocurrencies

30 December

Pakistan

International Conference on Blockchain and Cryptocurrencies

International Conference on Blockchain and Cryptocurrencies

30 December

France

International Conference on Blockchain and Cryptocurrencies

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