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Macro & Markets: Rattled rallies
Bonds have seen a summer rally, as soft US inflation data were followed by the Fed opening the door for autumn cuts. We are not so sure rates will fall as fast as currently priced in. Political developments have received plenty of attention as well. “We have made no decisions about future meetings, and that includes the September meeting. The broad sense of the committee is that the economy is moving closer to the point at which it will be appropriate to reduce our policy rate. A reduction in our policy rate could be on the table as soon as the next meeting in September.” – Jerome Powell, Fed Chair on 31 July ... (full story)
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- Posted: Aug 2, 2024 3:35pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,849
