The Federal Reserve's Federal Open Market Committee (FOMC) is expected to cut Fed Funds by 25bp at a meeting today.
- Statement due at 1400 US Eastern time
Looking further out, however, is worse. Nick Timiraos from the Wall Street Journal:
- Over the past year, officials have raised their estimates of where rates will settle, and may continue to do so in projections this week.
-
Some have begun to point out that they would need to see more concrete evidence that inflation is improving or that the labor market is shrinking before continuing to reduce borrowing costs.
More here (the Journal is tuned):
This article was written by Eamonn Sheridan at www.forexlive.com.
Source link
