Paid-members
Fedspeak Monitor 8/16/24
Bostic and Musalem, two members on the hawkish side of the Committee, joined the rest of the Committee in signalling an openness to rate cuts in September.
Bostic and Musalem, two members on the hawkish side of the Committee, joined the rest of the Committee in signalling an openness to rate cuts in September.
The Committee continues to react to the July jobs numbers.
Just a couple of reactions to the jobs data last week from Barkin and Goolsbee, both downplaying the jobs report.
Another week of Fedspeak hearing from the dovish side of the Committee, who are mostly pushing back on July.
Powell laid the groundwork for rate cuts this week. While he wasn't specific about timing at the Humphrey Hawkins hearings, he was dovish enough that the subsequent inflation release solidifies a September start to the cutting cycle.