July 2024 FOMC Preview
While Fedspeak has certainly shifted during the past few weeks, few members are itching to cut rates at the July meeting.
Preston Mui
144 postsFire Prevention over Fire Fighting: The Case for Preemptive Cutting
Fire prevention—rather than fire fighting—is a better approach to risk management when it comes to the labor market. When it comes to unemployment risk, the Fed should be proactive and preemptive, not reactive.
Fedspeak Monitor 7/21/24
Another week of Fedspeak hearing from the dovish side of the Committee, who are mostly pushing back on July.
Paid-members
Fedspeak Monitor 7/12/24
Powell laid the groundwork for rate cuts this week. While he wasn't specific about timing at the Humphrey Hawkins hearings, he was dovish enough that the subsequent inflation release solidifies a September start to the cutting cycle.
Unemployment is Up and Inflation has Fallen. A July Cut Should be on the Table.
As the July meeting approaches and Powell testifies in front of Congress at this week’s Humphrey Hawkins hearings, Powell and the rest of the Committee should keep the door open to a cut at the July meeting.
