EPISODE · Oct 24, 2024 · 18 MIN
Systemically Important Central Bank Shocks Markets with 50 bps Rate Cut
from Eurodollar University · host Jeff Snider
Another central bank moves up its rate cut plans, accelerating its rate reductions with a 50-bps cut. At the same time the IMF lowers growth projections and warns risks of more downside are rising. These two developments are related to the same thing. It's becoming clearer where this weakness is coming from and that's why the public sector is starting to become more aggressive. Eurodollar University's Money & Macro AnalysisBank of Canada October 2024 Monetary Policy Reporthttps://www.bankofcanada.ca/wp-content/uploads/2024/10/mpr-2024-10-23.pdfBloomberg IMF Lowers Global Growth Forecast, Warns of Increasing Riskshttps://www.bloomberg.com/news/articles/2024-10-22/imf-lowers-global-growth-forecast-warns-of-increasing-risksIMF WEO October 2024 Policy Pivot, Rising Threatshttps://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
What this episode covers
Another central bank moves up its rate cut plans, accelerating its rate reductions with a 50-bps cut. At the same time the IMF lowers growth projections and warns risks of more downside are rising. These two developments are related to the same thing. It's becoming clearer where this weakness is coming from and that's why the public sector is starting to become more aggressive. Eurodollar University's Money & Macro AnalysisBank of Canada October 2024 Monetary Policy Reporthttps://www.bankofcanada.ca/wp-content/uploads/2024/10/mpr-2024-10-23.pdfBloomberg IMF Lowers Global Growth Forecast, Warns of Increasing Riskshttps://www.bloomberg.com/news/articles/2024-10-22/imf-lowers-global-growth-forecast-warns-of-increasing-risksIMF WEO October 2024 Policy Pivot, Rising Threatshttps://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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Systemically Important Central Bank Shocks Markets with 50 bps Rate Cut
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