Daily digest market movers: US Dollar rises on Michigan sentiment data, FOMC decision...来自Wulan Viana

11 Nov 2024, 13:14 · 阅读量 48

The FOMC concluded its two-day meeting with an expected 25 bps rate cut, signaling continued easing amid concerns over global economic growth.
Despite weak jobs data, other indicators suggest the US economy remains robust, with solid labor market conditions and growth forecasts above trend.
The Atlanta Fed's GDPNow model estimates Q4 GDP growth at 2.4%, while the New York Fed's Nowcast model tracks it at 2.0%.
Rising productivity is expected to support low inflationary economic growth, leading to higher real interest rates and currency appreciation in the long term.
Consumer confidence improved in November with the University of Michigan's Consumer Sentiment Index rising to 73 from 70.5 in October.
The Current Conditions Index declined slightly to 64.4, while the Consumer Expectations Index climbed to 78.5.
Inflation expectations remained low, with the one-year outlook edging down to 2.6% and the five-year outlook rising to 3.1%.

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