Wednesday, November 13, 2024

The Federal Reserve and the Bank of England are coordinating interest rates

 On November 7, 2024, the Federal Reserve cut rates by 0.25% from a range of 4.75% to 5.00% to a range of 4.5% to 4.75%.

On November 7, 2024, the Bank of England cut rates by 0.25% from 5.00% to 4.75%.

On December 18 or 19, 2024, both banks will have meetings again to determine interest rates.  What are the odds that they will both cut rates by 0.25%?

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2024 FOMC Meetings - December 17 - 18.   https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

"This Monetary Policy Summary and minutes of the Monetary Policy Committee meeting will be published on 19 December 2024."  https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2024/december-2024


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