The two-day FOMC meeting begins Tuesday and ends Wednesday. BBH analysts expect a hardline stance.
The September cut is a coin toss
“There is much for the Fed to consider, but in the end, they will have no choice but to keep rates on hold for the foreseeable future. Since the May 1 decision, there has been little progress in bringing inflation back toward the target. 2%. In fact, some key inflation indicators, such as headline and core PCE, have increased.”
“Real sector data has been mixed but overall remains relatively robust, even as financial conditions remain loose. Markets have taken note, with the odds of a cut in September basically a toss-up and the odds of a cut in November of around 85%.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
