Fed-Speak: Rate cuts coming [09-09-2024]

Fed is Expected to Raise Interest Rates Wednesday

The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years.

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Bad Financial Moon Rising

BASEL – No one should overestimate economists’ powers of understanding. Just as the magnitude of the global downturn that began in mid-2008 took most economists completely by surprise, so did the sclerotic nature of the recovery. Similarly, economic forecasts today appear to be nothing more than hopeful extrapolations of recent growth.

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The Fed’s Annual Monetary Policy Symposium (organized by the Federal Reserve of Kansas City) will be on August 23 to 25

Gold Silver Reports (GSR) – The theme this year is on “Changing Market Structure and Implications for Monetary Policy”

✅ It will be attended by the elite of the global central banking world and various other big wigs (I think my invitation might have got lost in the mail)

✅ Usually the head of the Fed, the ECB and BOJ attend, along with BoE and so forth.       

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Reserve Bank

RBI Monetary Policy Day Guide June 6, 2018 INDIA

Gold Silver Reports (GSR) – RBI Monetary Policy Day Guide June 6, 2018 INDIA — Policy action: Even as the market expects status quo, there are three likely scenarios that can emerge from today’s policy. First RBI could maintain a pause in policy rate with change in stance from neutral to hawkish, signalling that more rate hikes are imminent. The second scenario is when the RBI could hike the policy rates, and lastly a rate hike followed by a hawkish stance.

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