Leading Candidate for New Fed Chair Kevin Hassett Anticipates 25 Basis Point Rate Cut Next Week
Written by Emily J. Thompson, Senior Investment Analyst
Source: aastocks
Updated: 3 hour ago0mins
Fed Chair Prediction: Kevin Hassett, the front-runner for the new Fed Chair, anticipates a 25 basis point interest rate cut at the upcoming meeting, citing a trend among Fed officials towards easing rates.
Long-term Interest Rate Outlook: Hassett has expressed a desire for further reductions in interest rates over the long term.
ISM Services PMI Update: The ISM Services PMI for November in the United States is reported at 52.6, surpassing the previous value of 52.4 and exceeding the forecast of 52.1.
Economic Indicators: The positive PMI reading suggests a slight improvement in the services sector, indicating resilience in the economy despite potential rate cuts.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
How did the company's recent strategic decisions impact its latest financial performance?
Can you explain the factors behind the recent changes in the company's stock price?
What are the expected impacts of current market trends on the company's future growth?
Based on the latest earnings report, what are the company's forecasted revenues for the next quarter?