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Bank of America says the September Federal Open Market Committee (FOMC) meeting is live

A note from Bank of America with their outlook for the Federal Open Market Committee (FOMC).

We maintain our view on a December cut based on trends in inflation

But. they add:

Risks are tilting towards an earlier cutnet softness in the jobs report should keep expectations of a cut this year in market pricing and should keep September livelabor market continues to coolwe see the activity and employment data as confirming a cooling economy and one that will lead the Fed to begin a gradual rate cut cycle later this year

As a heads up, Federal Reserve Chair Powell is speaking Tuesday:

Federal Reserve Chair Powell is speaking on TuesdayHow much more confident will Powell be on inflation?

This article was written by Eamonn Sheridan at www.forexlive.com.

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