Forex
globalreutersAugust 27, 20241 Mins read
Fed discount rate minutes: Chicago and New York directors favored cuts
globalreutersAugust 27, 20241 Mins read At times the discount minutes can offer a preview of something like a coming dissent at the FOMC meeting but it’s very well telegraphed that a cut is coming. I suppose someone could dissent for 50 bps though.
Current pricing is 64% for 25 bps and 36% for 50 bps but that will make a big swing based on next week’s non-farm payrolls report.
This article was written by Adam Button at www.forexlive.com.
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