Greg had this posted earlier on Monday:
- Over the weekend WSJ TImiraos said that although “investors are expecting a third rate cut in a row”, Fed officials are also ready to slow or even stop, lowering rates afterwards.
Mentioning to this from the Wall Street Journal 'Fed watcher'. Unusually, the article is not gated if you want to check it out:
- The Fed is expected to cut interest rates again this week, but some officials are concerned about inflation and the possibility of cutting too far.
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Deer Chairman Powell is trying to balance the risks of cutting too much or not enough.
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The labor market remains in a delicate balance, with low hiring rates but low layoffs as well, and the unemployment rate has moved up to 4.2%.
The Federal Open Market Committee (FOMC) statement is expected on Wednesday at 2pm US Eastern time. Powell's press conference will continue half an hour later.
This article was written by Eamonn Sheridan at www.forexlive.com.
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