The Fed is on course to cut interest rates in December, but what happens next is anyone's guess [CNBC]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
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Source: CNBC
Whether it should, and what it does from there, is another matter. "There's no reason to cut rates right now. They should pause," said economist Joseph LaVorgna, who served as a senior economist during President-elect Donald Trump's first term. The only thing left on the docket that could dissuade the Fed from a December cut is the release next week of separate reports on consumer and producer prices. Friday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month. Whether it should, and what it does from there, is another matter. The not-too-hot, not-too-cold nature of the November nonfarm payrolls release gave the central bank whatever remaining leeway it may have needed to move, and the market responded in kind by raising the implied probability of a reduction to close to 90%, according to a CME Group gauge. However, the central bank in the coming days is likely to face a vigorous debate over just how fast
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SMFG
Sec Filings
- 12/5/24 - Form 6-K
- 12/2/24 - Form 6-K
- 11/14/24 - Form 6-K
- SMFG's page on the SEC website