The Federal Reserve: Hurts then Reassures ๐น
U.S. index futures rose after comments from John Williams, the President of the Federal Reserve Bank of New York, who hinted at the possibility of a rate cut in December.
๐ Despite this, the indices are on track to record their worst week since March.
Williams noted that there is "room for further adjustments" as inflation risks recede, raising the likelihood of a rate cut in December to over 60% compared to 37% previously.
However, the Nasdaq remains under pressure due to concerns over the tech sector's debt.
Williams explained that inflation is currently stable at 2.75% and is expected to return to 2% by 2027.
#U.S._Markets #Federal_Reserve #ูุงุณุฏุงู
