ilmscore | Fed Will Cut Interest Rates Next Week (Despite Rising Inflation)

Predictions from this Video

Total: 10
Correct: 4
Incorrect: 6
Pending: 0
Unrated: 0
Prediction
Topic
Status
The Federal Reserve is predicted to cut interest rates at their September 17th meeting, despite accelerating inflation, due to the belief that inflation is under control and to support a weakening labor market.
"the Federal Reserve is still most likely going to cut interest rates at their next meeting, which is going to be on September 17th, which is next week."
Federal Reserve Interest Rate Cuts
Incorrect
Market expectation is for the Federal Reserve to cut interest rates at all remaining meetings of the year (September, October, December).
"So the market expectation is that the Federal Reserve will cut interest rates at each one of the remaining meetings. So the one next week in October and in December as well."
Federal Reserve Interest Rate Cuts
Incorrect
Aggressive interest rate cuts by the Federal Reserve are predicted, potentially dropping the Fed Funds rate from 4.5% to 3.75% within the remaining meetings of the year.
"So that would drop the Fed funds interest rate from the current 4.5% to 3.75%. So in that short time frame, I mean that would be aggressive interest rate cuts"
Federal Reserve Interest Rate Cuts
Incorrect
A significant downward revision of 911,000 jobs for the past year in labor market data is reported, the largest on record since 2002.
"And then this week, there was a revision to the labor market data, and it was a massive downward revision of 911,000 jobs for the past year."
Labor Market Data Revision
Correct
President Trump has publicly stated that Jerome Powell must lower interest rates significantly and immediately, implying a belief that inflation is no longer a primary concern justifying high rates.
"just out, no inflation, too late, which he's referring to Jerome Powell, chair of the Federal Reserve, must lower the rates big right now."
President Trump's Opinion on Interest Rates
Correct
Treasury Secretary Scott Bessants also advocates for substantial interest rate cuts by the Federal Reserve.
"Treasury Secretary Scott Bessants wants the Federal Reserve to cut interest rates big as well."
Treasury Secretary's Opinion on Interest Rates
Correct
There is a prediction that the Federal Reserve could implement a series of rate cuts, beginning with a 50 basis point cut in September.
"So, you know, it it's just very old-fashioned thinking, but I do think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September."
President Trump's Prediction on Rate Cuts
Incorrect
Models suggest that current Federal Reserve interest rates should be 150-175 basis points lower.
"if if you look at any model that the you know if if you we we should probably be 150 175 basis points lower."
Federal Reserve's Rate Position
Incorrect
Fed's Waller supports a 25 basis point interest rate cut at the September 16th and 17th meeting.
"Based on what I know today, I would support a 25 basis point cut at the committee's meeting on September 16th and 17th."
Fed's Waller on Rate Cuts
Incorrect
The speaker predicts a shift towards easier monetary policy, which is expected to lead to increased inflation, including asset inflation. The magnitude of this acceleration will depend on the degree of monetary easing implemented.
"My opinion is that we're headed towards an easier monetary policy. I mean we're going to see we're going to see more inflation. we're going to see more asset inflation. It's just a matter of how hard inflation is going to accelerate and that's going to depend on how easy of a monetary policy that they decide to go with."
Monetary Policy Outlook
Correct