How The Data-Dependent Fed Stopped Depending On The Data
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Michael Gray2.68K FollowersFollow5ShareSavePlay(19min)CommentsSummaryThe Fed is expected to cut the Fed Funds Rate by 25 bps at the December FOMC, lowering the range to 3.5%-3.75%.Despite historically emphasizing data dependence, Powell has prioritized labor market risks over elevated inflation, even amid incomplete economic data.Government shutdowns disrupted key economic data releases, forcing policy decisions in a 'fog' and raising concerns about data quality and reliability.Market expectations and political pressures, including Fed Chair succession speculation, have influenced recent rate cut decisions and Treasury yield movements. Shutthiphong Chandaeng/iStock via Getty Images Fed Expected To Cut Rates By 25 Basis Points At December FOMC Meeting At the conclusion of the final FOMC meeting of the year on December 11th, the Fed is expected to cut the FedThis article was written byMichael Gray2.68K FollowersFollowMichael Gray has devoted his career to following the capital markets and managing fixed income assets. He founded Gray Capital Management LLC and before that was Head of Taxable Fixed Income at Fidelity Investments. Michael has an MBA in Finance from Wharton and a BA in Economics from Union College.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