Unexpected weakness in the labor market may lead to a reassessment of interest rate cuts.
Kashkari anticipates “modest” rate cuts in the upcoming quarters.
A significant decline in employment could prompt faster rate cuts.
Current interest rates are seen as a barrier to economic growth, indicating potential adjustments may be necessary.
NEW US BILL PROPOSES SELLING GOLD TO BUY BITCOIN A new bill has been proposed by US Senator Cynthia Lummis. The bill aims to establish a national strategic reserve of Bitcoin. Lummis suggests selling part of the US Federal Reserve’s gold reserves to finance Bitcoin purchases. The proposal aligns
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US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS Nomura expects the US Federal Reserve to pause rate cuts in December 2024. Nomura anticipates two 25 basis point cuts in 2025 (March and June), leaving the federal funds rate at 4.125% through next year. Goldman Sachs and JPMorgan expect
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