BLOOMBERG Bloomberg July 3, 2024
It seems like investors were bracing for a more hawkish fed. We got a fed that downplayed that the move would be imminently a rate hike. Also the shrinking of the Balance Sheets to ease pressure on money markets. Yet powell also signaled that while keeping the cuts on the table, they might not come so soon, especially given how he sees inflation in the country. Have a listen. In recent months, inflation has shown a lack of further progress toward over 2 objective and we remain highly attentive to inflation risks. Avril lack of progress on inflation, that is the highlight. Thats why perhaps we ...