Fed Minutes Show Vast Majority Of Officials Saw September Cut As Approriate
Several officials saw case for a cut at the July meeting.
This comes after the Bureau of Labor Statistics revisions showed that the U.S. economy added 818,000 FEWER jobs than initially estimated from March 23’ - March 24’.
Investment Bank, Evercore now believes Fed Chair Powell will signal he is open to a 50bps cut in September at Jackson Hole this week:
“We think Powell’s take will be reassuring and consistent with a soft baseline of a string of 25s but he will convey the Fed is open to 50s and the bar for this is not very high.”
The market is currently pricing in a +40% of 4 rate cuts by the end of the year.
A September cut is now all but locked in.
This comes after the Bureau of Labor Statistics revisions showed that the U.S. economy added 818,000 FEWER jobs than initially estimated from March 23’ - March 24’.
Investment Bank, Evercore now believes Fed Chair Powell will signal he is open to a 50bps cut in September at Jackson Hole this week:
“We think Powell’s take will be reassuring and consistent with a soft baseline of a string of 25s but he will convey the Fed is open to 50s and the bar for this is not very high.”
The market is currently pricing in a +40% of 4 rate cuts by the end of the year.
A September cut is now all but locked in.
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LittleSoldier : I wouldn’t believe anything these people tell us, I’m very sure all the reports have been totally smudged to show something they’re not!!!
103970650 LittleSoldier : may be posing this as they want a rate cut? the timing is fishy.
LittleSoldier : It’s is, what’s the amazing part to me is the fact they actually believe people are stupid and can’t see through what is actually their doing. Hmm
why would they lie about a job report?? And hmm if they lied about a stupid ass job report would they lie about something serious. It’s like a kid that say I didn’t steal that bubble gum while he robs a bank!!! 
Censorship here LittleSoldier : Powell has said higher for longer for over a year bet you didn’t listen there either
Censorship here LittleSoldier : The Federal Reserve Board isn’t the ppl that put out job reports 🫠
LittleSoldier : I’m sorry, but you’re kinda missing the point. All the reports are being manipulated to show positive results, we are in an election year. Do you think the results are not being collaborated with the administration before they’re released. This is why we have not had rate cut till September, and honestly I’m not so certain that will happen either.
You can’t trust what they say simply because they said it. Actions speak louder than words.
Bing Jiang521 : I think the Fed probably didn't say anything; it was just that the market's wishful thinking (or even purposeful) interpreted it as a positive sign