Fed kicks off easing cycle with a bang
The Fed’s updated projections include a further 50 bps rate cut by year end
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The Fed’s updated projections include a further 50 bps rate cut by year end
The Fed faces pressure to protect growth while rising inequality complicates the path forward
“If the data suggests the need for larger cuts, then I will support that,” US governor Christopher Waller said
Bonds have fallen in eight of the last ten Septembers, and gold has dropped every September since 2017
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The prediction preceded the Fed’s June meeting set to end today
Traders now expect the Fed to deliver two quarter-point rate cuts in 2024
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