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Macro - Weekly Briefings - US

Publisher Oxford Economics
Published Aug 23, 2024
Length 6 Pages
SKU # OFE19150932

Description

Macro - Weekly Briefings - US



The July Federal Open Market Committee minutes and Federal Reserve Chair Jerome Powell's speech at Jackson Hole provided another clear signal that the Fed will cut rates in September. We think it would take a large, negative surprise in the labor market data between now and then to justify anything more than a 25bp cut. The preliminary benchmark revisions to nonfarm payrolls will not influence the Fed's thinking much.

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6 Pages
Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.

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