Fed Interest Rates: November 2024

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Summary

In the ongoing discussion about the Federal Reserve's interest rate decision for November 2024, opinions are divided on whether there will be a change in rates. Some contributors expect a potential cut, with a 25 basis points (bps) reduction being a common prediction, while others argue for no change or even a slight increase. Market expectations appear to be driven by economic indicators such as the labor market, inflation rates, and Fed policies. Recent job data, showing only a 12,000 increase in nonfarm payrolls, falls short of the expected 100,000, adding complexity to the predictions and contributing to the uncertainty surrounding any rate changes in December and early 2025.

Discussions indicate a divergence in expectations, with some predicting a 25bps cut, while others argue for no change or a slight increase due to economic indicators.
Recent labor market data influences perceptions, showing weaker than expected job growth, and contributing to uncertainty in upcoming Fed rate decisions.

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