August 23, 2024 at 02:19PM
The next step depends on data points
Inflation moved a lot faster than expected
I list the range of potential Fed decisions from no cut to 50 bps
Solid business conditions give the Fed space to be patient
The market is right to price in a return to 3.00% but what I’m thinking about is: under what conditions would they go below that?
This article was written by Adam Button at www.forexlive.com.
Fed’s Bostic estimates long-run Fed rate at 3%