No Surprises by Fed today but US Economy Growth showing definite surprises growing 3% in Q2.
History is not repeating itself anymore. Powell is stubborn..
Important:
2 Fed governors dissent against Powell. Waller and Bowman. First time in 30+ years!
Both hoping to be the next Fed Chair?? Not even the Federal Reserve can withstand the power of Trump’s political influence??
We've a market on Predyx for fed rate cuts in 2025?
Yeah...
It's time to change it to 1 bps cut??
I don’t think they’re going lower by 25 bps. They’ll hold until the situation demands a cut and by then they’ll do a big cut.
The market is not reacting well this time it seems. May be the cut coming next month.
I have no sense of when, but I don't think they'll bother with a small cut.