Is the Fed spending too long in the shower?

Tuesday 17th September 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarket pricing moved further in favour of a 50bpcut from the fed this week. Does that mean the Fed, who are expected to make at least one big cut before Christmas, side with the market? It makes it easier for them to walk through an open door, says JBWere’s Sally Auld on this morning’s podcast. There’s also discussion about Paul Krugman’s tweets overnight, suggesting that a data dependent Fed risks becoming Milton Friedman’s fool in the shower — the guy who alternately freezing and scalding himself because he’s too data-dependent. Canada’s CPI print is the only major data release of the day. What does it mean for the BoC, and how long do they stay in the shower for before they leave those taps alone? Hosted on Acast. See acast.com/privacy for more information.