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I haven't posted in a while, having been on a very enjoyable US vacation break, during which I have given some further thought as to whether I should
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I haven't posted in a while, having been on a very enjoyable US vacation break, during which I have given some further thought as to whether I should
FT asks Bailey whether there will be another cut this year. He declines to comment as a matter of personal policy, says the market will take a view,
Some speculation already that another cut could come on Nov.7, when both the Fed and MPC announce. That will be the day after they count the votes in
I note that cable has dropped this morning from 1.2865 to 1.2754. A lead indicator? We'll see. 12:01 Answer: YES!
This is better:
The Federal Reserve maintained the federal funds rate at a 23-year high of 5.25%-5.50% for the 8th consecutive meeting in July 2024, in line with
The Fed takes no action, its rate remains at 5.5%. Will there be any hints regarding a Sept. cut? a news conference follows at 7:30.
The Times - the shadow MPC comes down firmly on the side of No Change:
We've now got consensus VOTING numbers for Thursday:
Breaking:
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