Graham Stephan, relaying another source: 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

Target but it's going to take some time and they're still making all of their decisions on a month-to-month basis depending on the data without ruling anything out in terms of how long this could take though let's be real drum Powell's not going to tell us he would be an idiot to tie himself down to a specific rate at a specific time because as we've all seen anything can happen however other analysts have speculated that the chances of a Fed interest rate cut this year is slimed to none and that an interest rate hike is possible the chief Economist at Deutsche Bank also now expects only one rate cut this year in December followed by Modest rate Cuts in 2025 Beyond next year he expects the FED to cut rates just below 4% % by the end of 2026 even looking back throughout history we could see that we're currently in the second longest pause ever in history only beaten by the 2006 and 7 time frame which went 15 months without a single change or basically at this meeting it's clear that the most likely scenario is that there's no change is being made whatsoever until inflation begins to subside which hopefully is at the end of the year and if it doesn't or conditions worsen there's always

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