Gradual. A far cry from the slashing of rates that market participants had priced in
The Federal Reserve will use its Jackson Hole retreat to outline to markets a gradual easing plan beginning at its mid-September meeting, economists said, ahead of the two days of discussions that will start Friday.
The Fed’s plan is a far cry from the slashing of rates that market participants had priced in after the weakish July jobs report released at the beginning of the month.
San Francisco Fed President Mary Daly backed a gradual pace.
“Gradualism is not weak, it’s not slow, it’s not behind, it’s just prudent,” She said.
MarketWatch 20 August 2024
Welcome to Jackson Hole week
https://englundmacro.blogspot.com/2024/08/welcome-to-jackson-hole-week.html
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