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FOMC Cuts and Buys Time
The Federal Reserve’s policy rate range was cut by 25bps as widely expected. The duck-and-weave tone of most of the press conference basically made it clear that the FOMC is in some awkward limbo as it waits to see how other macroeconomic policies could change in the wake of the US election. Overall, however, I don’t think we learned much by way of nearer term perspectives today and the path to the December meeting remains data dependent with a significant bias toward another quarter point cut. A discussion around a handful of statement changes is offered below along with an attempt at a full transcript of the ... (full story)
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- Posted: Nov 7, 2024 7:05pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,997
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