๐ Trading News of the Day ๐ | Year-End Central Bank Moves to Watch ๐ฆ
As 2024 wraps up, global central banks are making strategic moves to steer their economies amid challenges. Here's what you need to know:
๐บ๐ธ Federal Reserve (Fed)
๐ The Fed cut rates by 0.25% to 4.25โ4.5% but maintained a hawkish tone ๐ฏ to curb inflation ๐. The dollar ๐ต gained strength, while stocks ๐ took a hit.
๐ฌ๐ง Bank of England (BoE)
๐ The BoE held rates steady at 4.75%, but policy debates are heating up ๐ฅ. Three out of nine members pushed for a rate cut โ๏ธ amidst a stagnant economy โ๏ธ and inflation rising to 2.6% ๐.
๐ช๐บ European Central Bank (ECB)
๐ The ECB trimmed rates by 0.25% to 3%, marking its fourth cut of the year ๐. With slow growth ๐ข and trade concerns ๐ข, further cuts might follow in 2025 ๐ฎ.
๐ธ๐ช Swedish Riksbank
๐ Swedenโs central bank reduced rates by 0.25% to 2.5% ๐. As inflation falls ๐ below the 2% target ๐ฏ, more easing may come early next year ๐
.
๐ฆ๐ช UAE Central Bank
๐ The UAE joined the trend, cutting its base rate by 0.25% to 4.4% ๐ธ. The move aligns with a global effort to boost economic stability โ๏ธ.
These decisions ๐ฆ aim to balance inflation control ๐ and economic growth ๐ฑ, shaping market dynamics ๐ as we head into 2025.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.