BLOOMBERG Bloomberg Markets Balance Of Power July 14, 2024
Chairman of the fed was asked does the fed need to cut rates with the economy as it is and he set you do not need to wait until things get so bad to have a dramatic series of rate cuts. Markets took that as a pledge they would do more, maybe shock and all. The new york fed had to walk it back and say we are not talking about the end of july yet. David please stay with us and we can talk about whether we need the rate cuts. In the meantime lets go to anna in wanting to in washington. We have a deal yet on the debt ceiling . Anna we are getting close but we are not there yet. There is a Firm Dea...