News list for "BBH"
BBH analysts said in a note that Fed meeting notes to be released tonight were likely to show some Fed officials had opposed a 50 basis point cut before being persuaded to vote for a majority. Bowman, the Fed governor, was the only dissenter at the September 18 meeting to kick-start monetary easing, voting for a 25 basis point cut. The prospect of the Fed hinting at another 25 basis point cut next month has since provided some support for the dollar.
Win Thin, head of global market strategy at BBH, said: I think a lot of people want some softening of the Fed's language, such as "we have more confidence in inflation", but the Fed has not hinted at a rate cut in September anyway. I think they will cut rates, but the Fed is tight-lipped. The statement was milder than expected.
