Everyone Is Listening To Powell, But I'm Watching The Dot Plot
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Jack Bowman8.25K FollowersFollow5ShareSavePlay(10min)CommentsSummaryThe Federal Reserve cut the Fed Funds Rate to 3.50-3.75% with a rare 9-3 split vote, signaling internal division.FOMC language now suggests a pause in further "risk management cuts," with rates likely to hold steady for several months barring major economic shifts.The Fed deems reserves "ample" and will shift mortgage holdings into Treasuries, increasing its Treasury market involvement and potential influence on longer-term rates.Despite the committee's current stance, I anticipate more rate cuts ahead if inflation falls faster than unemployment, especially under a potentially more dovish future Fed chair. Justin Sullivan/Getty Images News As expected, and as I have been clamoring about since the last Fed meeting, we got another cut to the Fed Funds Rate, setting the base rate to 3.50-3.75%. This was widely expected by the marketThis article was written byJack Bowman8.25K FollowersFollowWriter | Investment Advisor | Top 5% of Experts on TipRanks. You can find me on YouTube and Substack under my name; my weekly newsletter is called The Macro Obsession.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You