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 cut
• net softness in the jobs report should keep expectations of a cut this year in market pricing and should keep September live
• labor market continues to cool
• we 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

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

• Federal Reserve Chair Powell is speaking on Tuesday
• How much more confident will Powell be on inflation?

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