US Fed rate cut likely to be non-event for IT sector
==========
The US Federal Reserve, led by Chair Jerome Powell, is expected to announce a rate cut on September 18, 2024, after a two-day FOMC meeting. JM Financial predicts a benign impact on corporate balance sheets, with potential benefits for the IT services sector including lower equity costs, a revival in discretionary demand, and decreased interest burdens. However, the report notes that previous rate-cut cycles coincided with IT services export slowdowns, and current economic conditions differ, suggesting a lower probability of recession. The report emphasizes that while improvements are expected, they will be gradual.
#UsFed #RateCut #ItSector #CorporateBalanceSheet #JmFinancial #JeromePowell #EconomicImpact #DiscretionaryDemand #InterestBurden #Recession
https://www.financialexpress.com/business/industry-us-fed-rate-cut-likely-to-be-non-event-for-it-sector-3614842/ nostr.fmt.wiz.biz
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npub1m5…jlglu
2024-09-18 16:05:47
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2024-09-18 16:05:47Event JSON
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"content": "US Fed rate cut likely to be non-event for IT sector\n==========\n\nThe US Federal Reserve, led by Chair Jerome Powell, is expected to announce a rate cut on September 18, 2024, after a two-day FOMC meeting. JM Financial predicts a benign impact on corporate balance sheets, with potential benefits for the IT services sector including lower equity costs, a revival in discretionary demand, and decreased interest burdens. However, the report notes that previous rate-cut cycles coincided with IT services export slowdowns, and current economic conditions differ, suggesting a lower probability of recession. The report emphasizes that while improvements are expected, they will be gradual.\n\n#UsFed #RateCut #ItSector #CorporateBalanceSheet #JmFinancial #JeromePowell #EconomicImpact #DiscretionaryDemand #InterestBurden #Recession\n\nhttps://www.financialexpress.com/business/industry-us-fed-rate-cut-likely-to-be-non-event-for-it-sector-3614842/ nostr.fmt.wiz.biz",
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