2024/12/19 - FED cuts rate by quarter point(4.25%-4.5%)

Fed cuts rates by quarter point, scales back cuts for 2025

링크: https://finance.yahoo.com/news/fed-cuts-rates-by-quarter-point-scales-back-cuts-for-2025-125715874.html  

 

- Federal Reserve has reduced interest rates by a quarter percentage point and has also scaled back the expected rate cuts for 2025

- New range of interest rate is now 4.25%-4.5%

- Interestingly, Cleveland Fed president Beth Hammack objected to the rate cut, preferring not to cut rates

- Consensus for the number next year's rate cut is two(Previous prospect from Sep. was four)

- Price stability and maximum employment!! (물가안정과 최대고용)

- "We see ourselves still on track to cut", "We expect significant policy changes, we need to see what they are and what effects they have"

- Unemployment rate was ticking down a bit but inflation remained in a stubborn sideways holding pattern

- Powell said, "I think it’s pretty clear we have avoided a recession", and "the path down has been better than many predicted."

- Fed policy is in a "really good place. I expect another good year next year."

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USD/KRW exchange rate: 1,451원

USD/JPY exchange rate: 155.47엔

CNY/KRW exchange rate: 198.49원

 

US Treasury 30Y yield: 4.689%

US Treasury 10Y yield: 4.526%

US Treasury 2Y yield: 4.352%

 

KTB 30Y yield: 2.705%

KTB 10Y yield: 2.818%

KTB 2Y yield: 2.675%

Federal fund target range