Reserve

FOMC

Jerome Powell

Standard

Standard Chartered said the latest Federal Reserve minutes suggest that Fed Chairman Jerome Powell will take a more dovish stance at the upcoming Jackson Hole economic symposium. 
The minutes of the July 31 meeting of the Federal Open Market Committee (FOMC) contained numerous references to “nearly all” or “a large majority” of participants favoring a softer approach. 
“The minutes of the July 31 FOMC meeting are so dovish that they open the door to a 50 basis point cut immediately after, if not at the September 18 meeting,” said Standard Chartered’s global research team. The analysis noted a strong emphasis on downside risks to economic activity, softening labor markets, expanding disinflation signals and concerns about waiting too long to ease policy. 
Related News: <a href="https://en.bitcoinsistemi.com/former-senior-white-house-officials-serious-call-to-the-fed-50-basis-points-rate-cut-urgently-needed/" target="_blank" rel="dofollow">Former Senior White House Official's Serious Call to the Fed: 50 Basis Points Rate Cut Urgently Needed</a> 
According to the CME FedWatch tool, the probability of a 50 basis point rate cut at the Sept. 18 meeting currently stands at 26.5%, while Wall Street is looking more favorably at a 25 basis point cut, with a 73.5% chance. 
For investors and market participants, these signals may prompt closer scrutiny of Treasury bonds and notes that are directly affected by changes in interest rates and the broader monetary policy outlook. 
As the FED's Jackson Hole symposium approaches, all eyes will be on Powell's statements that could provide more clarity on whether a more aggressive rate cut is on the horizon. As Bitcoinsistemi.com, we will share these statements with you immediately. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/tomorrow-is-critical-standard-chartered-shares-latest-expectations-ahead-of-powells-speech-tomorrow/">Tomorrow is Critical: Standard Chartered Shares Latest Expectations Ahead of Powell’s Speech Tomorrow</a>

Tomorrow is Critical: Standard Chartered Shares Latest Expectations Ahead of Powell’s Speech Tomorrow

Bitcoin Sistemi EN

Other articles published on Aug 22, 2024

Top Tap-to-Earn Games to Play in 2024

DWF Labs Moves 2M CRV to Binance: Sell-Off Fears Rise

California senator criticizes OpenAI for opposing AI safety bill

CryptoCon Predicts Bitcoin’s Bull Run in 2025

Binance Has No Plans For IPO As New CEO Richard Teng Addresses Past Errors

Marathon Digital to Raise $250 Million to Boost Bitcoin Holdings

Join our free newsletter for daily crypto updates!