Timing and pace of rate cuts will be based on the data
The narrative surrounding Fedspeak at the moment is that they are gearing towards a September rate cut. All the kicking and screaming from earlier this Monday hasn’t changed that whatsoever. And if another bout of volatility hits markets, I would expect policymakers to come out to try and keep the calm once more.
This article was written by Justin Low at www.forexlive.com.
