Research Detail
| 2024/10/31 / Erste Group Research |
US key interest rate decision in the spotlight In a week packed with economic data, the US Federal Reserve is set to announce its decision on interest rates two days after the US election. In the run-up to the decision, sentiment, the economy, and the labor market were in good shape, although industry is still in a recession. The first estimate for GDP in the third quarter, at 2.8%, points to solid overall economic development, which is 0.2% below that of the previous quarter. After the 50bp interest rate cut at the September meeting, we expect the Federal Open Market Committee (FOMC), the Fed's interest rate setting body, to cut rates by 25bp this week. |
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General information
| Author | Erste Group Research |
| Date | 2024/10/31 |
| Language |  |
| Product name | Week ahead |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | United States |
| Currency in focus | US Dollar |
| Sector in focus | - |
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