Reuters published its Fed survey overnight. In summary from the report: December Rate Cut Likely: Nearly 90% of economists (94 out of 106) expect a 25bps cut in December, bringing the fed funds rate to 4.25%-4.50%. Market pricing shows less than a 60% chance of a December cut, reflecting uncertainty. 2025 Rate Cuts to be […]
JP Morgan’s Chief US Economist Michael Feroli on the US consumer: slower income growth could prove a headwind to consumer spending growth this has been the engine powering the economy in recent quarters policy is restrictive downside employment risks are growing upside inflation risks are ebbing Recommends a 50bp Fed Funds rate cut: we still […]
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Via a note from Deutsche Bank, urging everyone to chill out on the level of Federal Reserve easing they expect: As we approach this week’s FOMC (DB preview here), optimism has again been building that we’re about to embark on a notable Fed easing cycle. For the 8th time in this rate cycle, the market […]
