The market is almost-fully priced for 25 basis point rate cuts at each of the next three FOMC meetings but the most-interesting one right now is on September 17 when Fed funds futures imply about a 10% chance of a 50 basis point cut.
It would take a shockingly-low CPI number to get those probabilities up but the report is tomorrow and we will see. Today the President jumped on the PPI numbers and called again for rate cuts. Of course, he was saying the same thing last month when PPI was +0.9% m/m.
It was Trump who appointed Powell. I don't envy whoever will be appointed to replace him.
This article was written by Adam Button at investinglive.com.Hence then, the article about trump is out with the usual rant about powell not cutting rates 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.
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