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Ernest & Young: The Federal Reserve is cutting interest rates reactively, not forward-looking
Gregory Daco, chief economist at Ernest & Young, said the Fed was cutting rates "reactive" rather than forward-looking, noting that "Powell acknowledged that if the Fed had seen the July jobs data first,...
2024-09-22 10:50:07
Expert: Powell seems more dovish, most policymakers are expected to favor a 25 basis point rate cut in September
"Powell appears to be more dovish than his peers," said Gregory Daco and Lydia Boussour, Ernest & Young-Patnon economists. "Nonetheless, barring a substantial deterioration in the labour market in the coming weeks, we still expect most policymakers to favour a 25 basis point cut in September."
2024-08-29 12:33:56
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