New York Fed’s Interest Rate Cut Impact: Potential Market Shakeup

The New York Federal Reserve President’s announcement of potential rate cuts has sent waves through financial markets, sparking market volatility and raising hopes for increased investment in riskier assets. John Williams, the influential policymaker, indicated a shift towards a near-term interest rate cut at a Chilean event. This move has significantly boosted investor expectations, with the likelihood of a December rate cut soaring to 70%.