The Wall Street economist who nailed the Fed’s ‘joyous’ rate cut sees the same thing again
"In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically a joyous cut as ebbing inflation allows the Fed to act to preserve a strong labor market.
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% ...
They were not, though, in a panic or worried about an imminent recession. Instead, they were thinking that the old interest ...
The only Federal Reserve official to dissent from the central bank’s aggressive half-point interest-rate cut earlier this ...
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the ...
As rate cut expectations have steepened ... To elaborate, that means that ongoing concerns about bringing inflation ...
U.S. stocks gained following the release of the statement and updated quarterly economic projections before reversing course ...
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in ...
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