FOMC April 29-30 Meeting |
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• Additional pressures on inflation • Lower marginal benefits of further rate cuts • However, Fed will keep its options open In its next meeting FOMC will probably reduce rates by 25bp. This move would take rates down to 2% confirming a deceleration in monetary easing that has gone from 75 bp cut in January, to 50bp cut in March, to our expected 25 bp cut at the end of April. Two factors justify this strategy: 1. The inflation theme has reappeared in recent speeches this month. Governor Warsh
Filed under: Fundamental
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