Coin Bureau: Fed policy rate will fall

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

coming brace yourself printer is coming yes yes AB last week we had on Friday obviously the um Jackson Hall and Jerome pal spoke at the Jackson Hall Summit obviously this Gathering of all these Central bankers and it seems he was striking a very doish tone and it seems like it's all but guaranteed we're going to have a uh cut and a pivot in September and now the question is well how many are we going to be 50 basis points or 25 basis points uh yeah what's your so what do you personally think I mean do do you think they'll go do you think they'll go hard I I think they'll probably go 25 to start you know because you know it's just ease into it um obviously like the FED said like he's always said state to dependent right and we've got some important updates coming or you know data points this week obviously we've got pce numbers which we'll get to um those that's the fed's preferred a measure of inflation and this will come out on Friday so we'll have to see what those numbers are like if they're above or below expectations um if it's below expectations then obviously that means that inflation's cooling faster and then the FED can be more uh you know lenient and potentially look to a 50 basis

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