Next week’s Fed policy meeting is front and center. As the Reuters chart yesterday showed, there is “room” for a bigger cut.
Outlook The FT story that revived the 50 bp narrative is not unreasonable Reasons for 50 include getting more quickly to the neutral rate, whatever the hell that is. It would protect the labor market . It’s a remedy for having waited too long, if the Fed decides it had waited too long. It would favor the soft landing. One argument against 50 is that Trump issued one of his black warnings about the Fed not cutting in September. Amid all the noise, we missed that one.
In 2022, after peaking during the coronavirus pandemic, rent grew 1 percent. But last year, rent rose 3.8 percent, compared with a 1.8 percent rise in inflation-adjusted median home values.” Forecast The 50 bp thesis may have some traction among some, but not fully convincing and not embraced by the majority of economists. To be fair, sometimes market players are more prescient than economists.
Macroeconomics Positioning GDP
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