FBC Making Money With Charles Payne July 13, 2024
Weak. In the two statements two fed precedents dissented, kansas city president Esther George and boston president rosengren dissented that is the third time they both dissented. Jim bullard did not dissent on decision. He thinks this is where the fed needs to be with the 25 basis point cut. He believes this is enough. He wanted since last meeting, he want ad 50 basis point cut. This time he got the level he believes. Fed lowered rate on excess reserves to accompany rate cut is 1. 55 . The big news, the Federal Reserve cutting the federal funds rate quarter of a point but signaling a pause for...