EPISODE · Jul 4, 2024 · 19 MIN
This Could Force the Fed to Cut Rates in July
from Eurodollar University · host Jeff Snider
Fed officials have repeatedly stated they are going to be patient before pivoting to rate cuts. But that would only be the case if the economy is actually strong and resilient. Should the labor market show signs of falling off dramatically, they'd cut their rates in a hurry. Today's macro data were filled with exactly those kinds of warning signs. EURODOLLAR UNIVERSITY'S ANNIVERSARY SALE - DETAILS AT https://eurodollar.universityEurodollar University's Money & Macro AnalysisBloomberg Powell Welcomes Recent Data But Fed Needs More Confidence to Cuthttps://www.bloomberg.com/news/articles/2024-07-02/powell-welcomes-recent-data-but-fed-needs-more-confidence-to-cutBloomberg Bond Traders Boldly Bet on 300 Basis Points of Fed Cuts by Marchhttps://www.bloomberg.com/news/articles/2024-06-25/bond-traders-boldly-bet-on-300-basis-points-of-fed-cuts-by-marchBloomberg US Services Activity Contracts at Fastest Pace in Four Yearshttps://www.bloomberg.com/news/articles/2024-07-03/us-services-activity-contracts-at-fastest-pace-in-four-yearshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
What this episode covers
Fed officials have repeatedly stated they are going to be patient before pivoting to rate cuts. But that would only be the case if the economy is actually strong and resilient. Should the labor market show signs of falling off dramatically, they'd cut their rates in a hurry. Today's macro data were filled with exactly those kinds of warning signs. EURODOLLAR UNIVERSITY'S ANNIVERSARY SALE - DETAILS AT https://eurodollar.universityEurodollar University's Money & Macro AnalysisBloomberg Powell Welcomes Recent Data But Fed Needs More Confidence to Cuthttps://www.bloomberg.com/news/articles/2024-07-02/powell-welcomes-recent-data-but-fed-needs-more-confidence-to-cutBloomberg Bond Traders Boldly Bet on 300 Basis Points of Fed Cuts by Marchhttps://www.bloomberg.com/news/articles/2024-06-25/bond-traders-boldly-bet-on-300-basis-points-of-fed-cuts-by-marchBloomberg US Services Activity Contracts at Fastest Pace in Four Yearshttps://www.bloomberg.com/news/articles/2024-07-03/us-services-activity-contracts-at-fastest-pace-in-four-yearshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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This Could Force the Fed to Cut Rates in July
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