The Fed hiked rates by 75bps to bring the Fed Funds rate to the 3.75%-4.00% range, as expected. For a complete rundown and FOMC recap, see my colleague Matt Weller’s article here. Why was it dovish? It was due only to a few words: The Fed “will consider cumulative tightening and policy lags”. Does that […]
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Minneapolis Fed President Neel Kashkari signaled that a rate cut at the December meeting remains a “reasonable consideration,” reflecting ongoing debates within the central bank. Speaking to Bloomberg TV, Kashkari stated, “Right now, knowing what Read more…
Chicago Fed President Austan Goolsbee has reiterated his support for gradual reduction in the fed funds rate, provided there is no “convincing evidence of overheating” in the economy. He noted that the pace of rate Read more…
Gold prices experience significant drop due to hopes of a Lebanon-Israel ceasefire and the announcement of Scott Bessent as US Treasury Secretary. US Treasury yields fall and the dollar weakens in response to Bessent’s expected Read more…