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Fed Set to Ignore Bond Market Signal
The past week provided further signs that the economy is strong, and that inflation is far from dead. And while yesterday’s jobs numbers were weak due to distortions stemming from two hurricanes and the Boeing workers’ strike, wage increases remain at levels too elevated to achieve the Federal Reserve’s inflation target. How will the Fed respond to these developments? Most likely, follow up on the jumbo 50 basis point rate cut of September 18 with another reduction next Thursday. The pretext would be that the latest jobs figure demanded prompt Fed action. First, let us go over the major data releases last week. ... (full story)
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- Posted: Nov 3, 2024 12:02am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,108
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