Among the voting members this year, we saw Kansas City Fed president Schmid earlier this week say that he will dissent to a September rate cut even with the July inflation numbers. And yesterday, Chicago Fed president Goolsbee argued that he needs "more comfort on inflation". But he did leave some flexibility in saying that every meeting will be live and that there is still time to for him to get on board with a rate cut before the September meeting.
Putting everything together, we have a bit of a mixed bag in there.
But when you cast aside the political biasness, there seems to be some reluctance by Fed policymakers in confirming market expectations and pricing at the moment. This week will still feature some notable US data with the PPI, weekly initial jobless claims, and retail sales yet to come.
That's all but three weeks left for the Fed to shape market expectations before they decide on policy on 17 September.
Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.Hence then, the article about fed policymakers still seemingly on the fence about a september move was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Fed policymakers still seemingly on the fence about a September move )
Also on site :