Fed's Bowman: I don't see rate cuts as warranted this year
Source Fxstreet
Federal Reserve (Fed) Board of Governors member Michelle W. Bowman noted that she is skeptical about the chances of a rate cut in 2024 while speaking at the Texas Bankers Association Annual Convention in Arlington, Texas.
Key highlights
I don't see rate cuts as warranted this year.
If we saw unexpected shocks, that would be a case for a rate cut.
I want to see a number of months of better inflation data.
It's probably a number of meetings before I'm ready to cut.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Tesla Stock Hits Record High as Robotaxi Tests Ignite Market. Why Is Goldman Sachs Pouring Cold Water on Tesla?TradingKey - For Tesla investors, a challenging start to the year has now taken a significant turn.After a 36% stock plunge in the first quarter—its worst performance since 2022—Tesla shares surged ov
TradingKey - For Tesla investors, a challenging start to the year has now taken a significant turn.After a 36% stock plunge in the first quarter—its worst performance since 2022—Tesla shares surged ov
Pound Sterling slumps as UK inflation falls by more than expected to 3.2%The Pound Sterling (GBP) faces intense selling pressure against its major currency peers on Wednesday and slides over 0.5% to near 1.3340 against the US Dollar (USD), following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for November.
The Pound Sterling (GBP) faces intense selling pressure against its major currency peers on Wednesday and slides over 0.5% to near 1.3340 against the US Dollar (USD), following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for November.
XRP’s Price Action Flashes a Warning Even as ETF Flows Stay PositiveXRP’s structure remains weak despite 18 straight positive closes in spot XRP ETFs, with analysts warning that $1.98 and other nearby resistance zones could cap rebounds unless the YO region is reclaimed, while deeper downside scenarios keep $1.53 on watch as a potential (not guaranteed) accumulation area.
XRP’s structure remains weak despite 18 straight positive closes in spot XRP ETFs, with analysts warning that $1.98 and other nearby resistance zones could cap rebounds unless the YO region is reclaimed, while deeper downside scenarios keep $1.53 on watch as a potential (not guaranteed) accumulation area.
In 2025, gold outpaced Bitcoin, slashing the BTC-to-gold ratio by half from 40 to 20 ounces per BTC.
Historical data show a rising trend of US and European stocks in December. If the momentum is strong, fund managers may rush in with a buying frenzy.
