Economist: Fed statement adjustment reflects market pricing
2024-11-07 19:37:17
Steven Blitz, chief US economist at TS Lombard, emphasized that there was a significant difference today, with Fed Governor Bowman not objecting, as he did when he cut rates by 50 basis points in September. The FOMC statement was adjusted to reflect what the market had already digested, namely another rate cut (December), and nothing more.
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