More from Daly: Fed funds rate is a long way from where it’s likely to settle

October 15, 2024
-FCHFX

October 15, 2024 at 04:48PM

Is cautiously optimistic about growth

Fed has been able to get inflation down without a major disruption

Inflation retreat has been broad-based

Fed funds rate is a long way from where it’s likely to settle

3% rate may be around neutral

Neutral rate is higher than what it once was

Lack of dissents don’t mean Fed officials fully agree

Inflation points are likely to cause more dissents

The bolded is a strong hint that cuts are on autopilot.

If forecast met, she sees one or two rate cuts this year

This comment surprises me because it validates fears about a Fed pause.

This article was written by Adam Button at www.forexlive.com.

More from Daly: Fed funds rate is a long way from where it’s likely to settle

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