Money in Motion: Playing Along Directly with Rate Cuts
The combination of a dovish Fed Chairman Powell post-FOMC presser and cooling labor market setting provided more fuel for Fed rate cuts. Kevin Flanagan discusses how the debate is no longer centered around the number of potential easing moves for the remainder of 2024, but rather, how large they could possibly be in his Money in Motion series.
Basis point: 1/100th of 1 percent.
The skinny
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