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Stock impact report

Americans are probably getting another interest rate cut this week — just days after the election [Business Insider]

ZipRecruiter, Inc. Class A (ZIP) 
The Fed forecasts another quarter-point rate cut in December, but it depends on upcoming data. The election isn't the only important event facing Americans this week. On Thursday, the Federal Open Market Committee will announce its next decision on interest rates, and it's likely to be another cut. CME FedWatch , which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. The Fed cut interest rates by 50 basis points in September — the first cut in four years and one twice the size of the central bank's typical 25-point increments — following aggressive inflation fighting as the country recovered from the pandemic. Fed chair Jerome Powell said during remarks at a Nashville conference in late September that "if the economy performs as expected," it would mean two more 25-basis-point cuts this year. As the November and December meetings were the only two remaining in 2024 at the time of those remarks Show less Read more
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