There is more data that we will see between now and DecemberHave to continue to weigh what makes senseFed could eventually slow down pace of rate cuts but too soon to say if it will be in DecemberFed policy is restrictiveDon’t see evidence of new price pressuresFull transcript (may be gated)
After Powell’s comments yesterday, the odds of a 25 bps rate cut have dwindled to ~63% and is keeping that way now. Collins’ remarks reaffirms that there is a likelihood of a pause next month and that is keeping markets on their toes.
This article was written by Justin Low at www.forexlive.com.
