Financial Times on Nostr: Jay Powell’s rate cut conundrum ========== Jay Powell, chair of the Federal ...
Jay Powell’s rate cut conundrum
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Jay Powell, chair of the Federal Reserve, is considering a rate cut at the upcoming meeting; inflation has decreased to 2.5% as per August consumer price index data; the jobs market is cooling with revised non-farm payroll numbers and subdued small business hiring; the risk of harming the job market outweighs inflation concerns; advocates suggest a 25bp cut due to persistent services inflation, particularly in shelter costs; excluding shelter, CPI inflation is below 2%; recent market shifts indicate increased expectations for a 50bp cut; a clear communication from the Fed is essential to avoid market turmoil.
#FederalReserve #InterestRates #Inflation #Employment #JayPowell #EconomicPolicy #MarketExpectations #Cpi #Pce #SoftLanding
https://www.ft.com/content/e125eeba-325c-40a1-a59b-831f17c4a9ae
==========
Jay Powell, chair of the Federal Reserve, is considering a rate cut at the upcoming meeting; inflation has decreased to 2.5% as per August consumer price index data; the jobs market is cooling with revised non-farm payroll numbers and subdued small business hiring; the risk of harming the job market outweighs inflation concerns; advocates suggest a 25bp cut due to persistent services inflation, particularly in shelter costs; excluding shelter, CPI inflation is below 2%; recent market shifts indicate increased expectations for a 50bp cut; a clear communication from the Fed is essential to avoid market turmoil.
#FederalReserve #InterestRates #Inflation #Employment #JayPowell #EconomicPolicy #MarketExpectations #Cpi #Pce #SoftLanding
https://www.ft.com/content/e125eeba-325c-40a1-a59b-831f17c4a9ae