(Bloomberg) -- The Federal Reserve is likely to signal next week its plans to cut interest rates in September, according to economists surveyed by Bloomberg ...
-- The Federal Reserve is likely to signal next week its plans to cut interest rates in September, according to economists surveyed by Bloomberg News, a move they say will kick off reductions each quarter through 2025.Nearly three-quarters of respondents say the US central bank will use the July 30-31 gathering to set the stage for a quarter-point cut at the following meeting in September. They’re divided, however, about how policymakers will do so.
Nearly two-thirds of Fed watchers expect the Federal Open Market Committee to say in the post-meeting statement that officials have gained some additional confidence inflation is moving to its target — a step toward cutting.More than a quarter of economists, however, see no signaling of rate adjustments at the July meeting. Instead, the message could be firmed up in the weeks that follow, including during the chair’s annual speech in Jackson Hole, Wyoming in late August.
A third of economists say that would raise the bar for cuts, meaning the data would need to be incrementally more compelling, though the rest say they agree with Powell’s view that the timing of the election would have no impact on a decision about borrowing costs. The Tories cannot take for granted that they will always be Labour’s main rival, James Cleverly has warned, as he said the party does not exist to be “small and ideologically pure”.FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code 1.
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