The Fedspeak is quiet today, but former Cleveland Fed President Loretta Mester is on CNBC (she is newly retired from the Fed)
- Jobs work is going to be an important piece of the puzzle
- There will be a discussion on whether they want to start with a 25 or 50 basis point cut
- What is the path on cuts going forward
- Jobs market has been moderated from a quite tight condition
- Powell said from Jackson Hole would not want to go much weaker than the where they are now
- The Fed wants a strong labor market. Having a strong jobs report is a good thing for the committee.
- Inflation has come down and it’s time to start to bring the policy right down.
- The Fed does look at financial conditions and part of that is what goes on in the equity market, but it is just a piece of the financial conditions.
This article was written by Greg Michalowski at www.forexlive.com.
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