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Open original source ↗As many as five of the 12 voting members of the Fed’s policy committee, and 10 of all 19 members, have signaled in speeches or public interviews that they didn’t see a strong case to cut.
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In focus as the Fed gathers to consider another cut this week: -whether Powell can stitch together enough consensus to minimize dissents to the same two that opposed the 25 bps cut last time -how many policymakers issue a "soft" dissent via their year-end policy rate in the quarterly projections (last year, there was one formal dissent but four policymakers who wrote down a year-end rate that was above where officials set rates at that meeting) -how to set expectations around a January cut—i.e, how strong and credible can the hawkish signals be ahead of two meetings worth of data that may or may not reshape the outlook https://t.co/4BXKkznNAc
NickTimiraos ↗