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Powell's Attitude Towards Job Market This Week May Indicate Future Rate Cut Policy Direction
Summary: According to sources, as reported by Golden Ten, 'Fed Whisperer' Nick Timiraos pointed out in a recent article that the Fed's rate cut this week is basically a done deal, with investors focusing on whether Powell will further advance his recent shift in stance. The key is whether Powell and his colleagues will set the ...
According to sources, as reported by Golden Ten, 'Fed Whisperer' Nick Timiraos pointed out in a recent article that the Fed's rate cut this week is basically a done deal, with investors focusing on whether Powell will further advance his recent shift in stance. The key is whether Powell and his colleagues will set the total number of rate cuts for this year at three, or maintain the expectation from June. Powell expressed more concern about the job market than inflation in his speech last month, and the market is waiting to see if he will strengthen this concern after the weak non-farm payroll report in August.
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Link: Powell's Attitude Towards Job Market This Week May Indicate Future Rate Cut Policy Direction [Copy]
