EPISODE · Oct 25, 2024 · 17 MIN
The Fed Just Revealed What They Really Think of the Economy
from Eurodollar University · host Jeff Snider
A lot of people are asking if the Fed now regrets cutting rates by 50 bps in September, or maybe cutting at all. Recent data make it seem as though the soft landing never went anywhere, plus what appears to be happening with market interest rates. In truth, every part of this Fed "regret" trend is wrong, starting with the view from the central bank itself. Eurodollar University's Money & Macro AnalysisFederal Reserve Beige Bookshttps://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htmFOMC Chair Powell Press Conference September 2024https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20240918.pdfBloomberg Fed’s Beige Book Shows Little Growth Across Most of UShttps://www.bloomberg.com/news/articles/2024-10-23/fed-s-beige-book-shows-little-economic-growth-across-most-of-ushttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
What this episode covers
A lot of people are asking if the Fed now regrets cutting rates by 50 bps in September, or maybe cutting at all. Recent data make it seem as though the soft landing never went anywhere, plus what appears to be happening with market interest rates. In truth, every part of this Fed "regret" trend is wrong, starting with the view from the central bank itself. Eurodollar University's Money & Macro AnalysisFederal Reserve Beige Bookshttps://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htmFOMC Chair Powell Press Conference September 2024https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20240918.pdfBloomberg Fed’s Beige Book Shows Little Growth Across Most of UShttps://www.bloomberg.com/news/articles/2024-10-23/fed-s-beige-book-shows-little-economic-growth-across-most-of-ushttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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The Fed Just Revealed What They Really Think of the Economy
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