CNBC Power Lunch July 14, 2024
Dissents was back in 2016 when there was a vote of no change, they wanted to hike. The projections show a very divided Federal Reserve. Seven fomc members forecast a third cut this year. That is one more from where we are now. That would bring the rate down to 1. 63 or the average rate. Five members see no need for any cuts at all. They didnt even want the one today. If everybody had a vote. Not all the members vote it would have been five dissents from today if they voted that way and five more forecast just the one cut this year. Put it all together and do all the imagine. The median is at t...