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  • Waller: Cut or Skip?

    From federalreserve.gov

    Thank you, Lydia, and thank you for the opportunity to speak to you today. I thought I might use my time with you to address the Federal Open Market Committee's (FOMC) ongoing effort to return inflation to our 2 percent target while keeping the labor market and the economy strong. After significant progress in reducing inflation and evident moderation in the labor market, in September the Committee judged that the time had come to begin easing monetary policy toward a more neutral setting to limit the risk of unduly weakening the labor market as progress continues toward 2 percent inflation. After reducing the policy ... (full story)

Added at 3:17pm
Added at 3:17pm

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Added at 3:18pm

OH BOY! Why you had to say this I was Short GBPUSD lol
X - https://x.com/macrodave_
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  • | IP XX.XX.187.159
I'm convinced these guys just say the opposite of whatever the consensus is at the time
I predict they will cut but the dots will spook bonds. The Santa rally will probably extend to FOMC week. My SnP year high target is 6215.36.
"If The Fool persists in his Folly he will become wise." - William Blake
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  • | IP XX.XX.14.80
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  • Story Stats
  • Posted: Dec 2, 2024 3:16pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 3  /  Views: 7,664

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