US EditionFed minutes could show whether Waller and Bowman had company in favoring rate cuts soon
21 Articles
21 Articles
Only two of the twelve members of the Board of Governors of the Federal Reserve, Christopher Waller and Michelle Bowman, both close to Donald Trump's government, voted against the decision to keep interest rates unchanged at the last monetary policy meeting of the entity, held in July, according to the minutes of the meeting published on Tuesday.The document is disseminated in a context marked by growing pressure from the White House on Fed pres…
Of the 12 members of the Board of Governors of the Federal Reserve (Fed), only two, Christopher Waller and Michelle Bowman, both figures close to Donald Trump's government, voted against the decision to keep interest rates unchanged at the last monetary policy meeting of the entity held in July, according to the minutes of the meeting published on Wednesday.The document has been published at a time marked by growing pressure from the White House…
Fed minutes could show whether Waller and Bowman had company in favoring rate cuts soon
Last month's decision by the U.S. Federal Reserve to hold interest rates unchanged prompted dissents from two top central bankers who wanted to lower rates to guard against further weakening of the job market, and a readout of that two-day gathering on Wednesday could show whether their concerns had started to resonate with other policymakers, perhaps reinforcing expectations that borrowing-cost reductions could begin next month.
Nasdaq Composite Live: Could We See Three Rate Cuts this Year?
Markets are red, as investors saw a mixed batch of earnings, and are set for the Federal Reserve’s meeting minutes release. Remember, markets are looking for any sign of a potential rate cut by September. Strengthening arguments for aggressive interest rate cuts, the Federal Reserve’s Michelle Bowman argues that interest rates should be lower after a weaker-than-expected jobs report. U.S. employers added just 73,000 jobs in July, which was short…
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