First and foremost, the US president continues to demand a cut to the US Fed fund rate.
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This time around, the Fed fund forward curve is indicating a rate cut is likely.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily. However, it isn't likely to be the 50-basis point cut the president and his followers are calling for. At least not yet.
The week that so many have had circled on their calendar has finally arrived. Yes, the US Federal Open Market Committee (FOMC, the Fed) holds its next 2-day meeting this week, starting Tuesday and concluding Wednesday afternoon with Fed Chairman Jerome Powell making an announcement on interest rates. It’s interesting to listen to the rhetoric – I’m sorry, I mean debate – regarding what Chairman Powell should announce. The interesting thing about this ongoing “debate” is that most of it has nothing to do with economics but falls along political lines instead. Stop and think about it for a moment: Most of the opinions, loudly expressed, would fall on the other side of the debate if a member of the opposing party occupied the big chair in the US White House.
