In the hours before to night’s announcement, Wall Street was still split over whether the Federal Reserve chaired by Jerome Powell, would move by a more forceful 0.5%.
Deutsche Bank said: “You’d have to go back over 15 years to find such an uncertain situation this close to the decision. A lot of money will be made and lost today.”
Rates are at a 23-year high of 5.25%5.5%, with the Federal Reserve keen to avoid having policy in restrictive territory for too long now that inflation is under control.
Bu hikaye Evening Standard dergisinin September 18, 2024 sayısından alınmıştır.
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Bu hikaye Evening Standard dergisinin September 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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