Wednesday , 6 November 2024
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Here’s why you should wear a “Make Fed Speeches Great Again” hat

The cruise into 2025 with two more Fed rate cuts has hit a bit of a (small) pothole.

Firstly, that inflation data … it has raised eyebrows over the potential for reflationary pressure:

It was somewhat watered down by the higher jobless claims numbers – the hurricane was a key factor here, but Greg raised a good point:

Jury is out.

Secondly … Bostic raised the idea of only one Fed rate cut to come for the balance of this year:

Bostic was the first to hose down expectations of Fed rate cuts in the early part of this year when nearly everyone was screaming for 6 or 7 cuts this year.

Anyway, Fed speeches have become interesting again.

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

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