News list for "fomc7"

Analysts said the FOMC's July meeting notes were too dovish, making it clear that the Fed would cut rates in September, and that was the most information Powell could give in his Jackson Hole speech on Friday. That would make traders (too) optimistic that there would be four rate cuts before the end of the year, while the Fed would probably cut rates only two or three times. We can see that the swap market is pricing in about 95 basis points for the Fed to cut rates by December, suggesting that ...

2024-08-22 20:55:56