Fed sounding board: Powell's turn policy is complete

Bitget2024/08/23 14:14

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“Fed sounding board” Nick Timiraos said in a social media post that today's speech showed that Powell's turn to policy is complete, and that Powell was across-the-board dovish in his speech, having said two years ago during the same period that the Fed would accept a recession as the price of restoring inflation.

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According to CME "FedWatch": The probability that the Federal Reserve will keep rates unchanged by September is 59.0%, while the probability of a cumulative 25 basis point rate hike is 41.0%. By October, the probability of rates remaining unchanged is 46.6%, the probability of a cumulative 25 basis point rate hike is 44.8%, and the probability of a cumulative 50 basis point rate hike is 8.6%.

智通财经•2026/08/23 22:01