Central Banks

Nat West expect the FOMC to cut interest rate by 25bp – inflation well below target

Ahead of Federal Reserve System Chair Powell to speak Wednesday US time (1400GMT it begins), Nat West:

A brief comment from Nat West (this via Reuters
  • odds favour of a 25 bps “insurance” cut
  • Fed’s consideration of rate cuts is not only about growth but also about inflation, which remains well below target, and inflation expectations, which were breaking to the downside before the Fed signalled the likelihood of cuts

The NFP last Friday moved a 50bp cut off the table. Markets await remarks from Powell on the prospects for the 25bps remaining in contention.  

Yes, don’t forget, at the same time:

ForexLive

Articles You May Like

ps. Here’s why there are no in person US China trade talks scheduled
Forex for Beginners. How to Trade with MT4
NZD traders – RBNZ inflation data for Q2: 1.7% y/y (prior 1.7%)
FX option expiries for Thursday 18 July 2019 – 10am NY cut
ECB’s Coeure: Governing council is determined to act in case of adverse contingencies

Leave a Reply

Your email address will not be published. Required fields are marked *