The market is beginning to take a serious look at one possibility: the Fed skipping a rate cut!
Deutsche Bank believes that it is too early to pause the current plan, the Fed can easily cut rates at the meeting next week, and it can also reduce rates by 25 basis points in December. If core PCE is above target and employment indicators are stable, the Fed may consider skipping rate cuts at subsequent meetings.
US stock market early trading | Reddit surged 34%, Q3 performance and Q4 guidance both exceeded expectations; super micro computer plummeted nearly 26%, with the auditing firm resigning.
Snap rose by 13%, with third-quarter revenue and user growth exceeding expectations; Donald Trump concept stocks fluctuated during the trading day, with Phunware rising by over 6%, and Trump Media & Technology Group falling by over 11%.
"Non-farm payrolls" far exceeded expectations, reaching the highest level in over a year! Expectations of the Federal Reserve "pausing rate cuts" are rising.
In October, usa's private sector employment increased by 0.233 million people, exceeding all economists' expectations; despite the hurricanes hitting the southeast, employment growth remains robust.
"Little Non-Farm" unexpectedly strong, but will the Federal Reserve see it as "noise"?
After hurricanes and worker strikes, ADP data far exceeded expectations, followed by a surprising decline in usa's GDP for the third quarter.
US stocks outlook: The US 'mini non-farm' in October far exceeds expectations, marking the largest increase since July last year; Google rose nearly 7% in pre-market trading, benefiting from cloud business growth and exceeding expectations for Q3 performa
USA's actual GDP for the third quarter grew at an annualized rate of 2.8%, driven by business and household consumer spending; New Bond King: US economic data is being "manipulated," firmly believes interest rates are bottoming out; Eli Lilly and Co. stock fell by 10% pre-market, with third-quarter revenue increasing by 20% year-on-year, falling short of expectations.
Express News | US Q3 GDP Growth Rate QoQ Adv 2.8% Vs 3.0% Forecast, Prior 3.0%