Express
Federal Reserve Expected to Cut Rates by 75 Basis Points Before Year-End, Powell's Tone Turns More Dovish
Summary: According to sources, Nationwide's Chief Economist Kathy Bostjancic stated that the Federal Reserve is expected to cut rates by a total of 75 basis points before the end of the year. She noted that Powell has taken a noticeably more dovish tone and has significantly opened the door for a rate cut in September, citing ...
According to sources, Nationwide's Chief Economist Kathy Bostjancic stated that the Federal Reserve is expected to cut rates by a total of 75 basis points before the end of the year. She noted that Powell has taken a noticeably more dovish tone and has significantly opened the door for a rate cut in September, citing significant rising downside risks to employment. This supports her prediction of a 25 basis point rate cut next month, with expectations of further weakening in the labor market and inflation rising only mildly and temporarily.
Tags:
Link: Federal Reserve Expected to Cut Rates by 75 Basis Points Before Year-End, Powell's Tone Turns More Dovish [Copy]
