how about FED cutting again this time recession is on for sure and even at this levels it is not possible for the economy to start the engine the ISM Non-Manufacturing Composite below 50 which mean not even mild expansion in the limit of FED Fund at 2%.
4 Central Banks Set to Announce This Week
There are four central banks (AUD, USD, GBP & EUR) due to report this week on interest rate targets. Most analysts seem to be looking for no actual changes this time around but that does not mean that the market won't respond to the statements accompanying the releases. There is a great deal of sensitivity to these releases considering the recent surprise from the RBNZ and market volatility over the last week. Considering these reports, I see no reason why this volatility would decline this week. Besides the releases from the central banks, the market is preparing for a continuation of last week's trend in favor of the USD. The ... (full story)