Uncertainties remain! Dovish statement
We just received the 25 basis points rate cut. The market had already priced it in.
Powell just released the statement. It seems to be a dovish one. He will start his speech at 2:30pm, where the market will try to understand the possibility of a 4th rate cut in December.
The CBOE Fed tool has the 4th cut in December at 26%.
We should see the yield curve steepen.
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Economic reports
Powell just released the statement. It seems to be a dovish one. He will start his speech at 2:30pm, where the market will try to understand the possibility of a 4th rate cut in December.
The CBOE Fed tool has the 4th cut in December at 26%.
We should see the yield curve steepen.
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Economic reports
- GDP report was positive/neutral.
- ADP employment change headlines were good, but analyst are not happy reading into the details.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.