Na so the Federal Reserve waka come dey prepare for wetin dem dey call rate cut pause for Wednesday o!
<p Analysts dey keep eye for waiting go happen, especially as Chair Jerome Powell dey gather journalists for press conference. Dem don dey expect poweful signal from him, abi nah wetin dem dey call commercial gist at the beer parlor!
<p Last last year, e be say dem don reduce interest rates three times to help the job market wey dey chop pressure, but these days, job market don dey resemble stable ground like our naija roads after 10 years of work o!
<p Consumer spending no wan gree slow down; e still dey fuel the economy acada and wetin una all dey anticipate na the press talk wey Powell go run for 2:30 p.m. ET. He no go wan drop new gist, but analysts dey shake their head and predict say e go drop small hints for future rate cuts.
<p Oscar Munoz, wey be chief U.S. macro strategist for TD Securities, don yan, say the road gats dey ready for more rate cuts but no be now. To make dem borrow money cheaper, dem need to play the ‘steady steady’ game for now.
<p The 19-member Fed gang no too gree last time, split like una friendship when small matter dey happen. While some dey call for rate cuts, another group dey shout like hawks for their own reasons. Scott Anderson wey dey work for BMO don talk say e go make sense for dem to pause cuts due to wetin dem see for the economic table.
<p Even with the clouds of political tension, market dey show say dem dey expect serious resilience. March rate cut don show chance like 16% only. If no gbege happen, dem no go wait until late year before dem consider this matter!
<p Trump don start him own wahala again, talk say the Fed dey slow like snail for cutting rates wey dey affect everything from credit cards to how we go buy new whip. E don dey say dat high borrowing cost dey set Americans back, just like some bad traffic after work!
<p One key issue wey dey ground now na how Powell go frame the unemployment rate wey drop. Economists dey monitor this matter like hawks too, wahala fit come if Powell no balance him talk well.
<p If Powell no dey careful, him fit face political gymnastics because Trump don dey work on bringing the Fed under him own umbrella, even go reach to fire one of the governors. Wetin dem dey call independence for the Fed dey under serious flash now.
<p On the other side, Robert Dimand from Brock don yarn with vibes on how interest rates dey affect our Canadian and American market dynamics as e dey measure wetin dey happen with the dollar. Dis matter dey deep, like that gossip for corner bar where we dey talk about the latest gist in our village.
<p In short, how the Fed yan for this meeting go impact plenty life, continue to follow the story as e unfold. So make sure your ears dey open like blind man wey dey follow sound for market!
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