Markets diverge on how far Fed will go
“There may be volatility in the markets later this week,” Fed-watcher says
For the first time since September 14, 2008, the Federal Reserve is flirting with the idea of lowering its policy rate.
Policy-makers begin the two-day monetary policy meeting today (July 30). While market participants strongly anticipate the central bank will reduce rates on July 31, they appear to be divided on how aggressive the Federal Open Market Committee (FOMC) might be.
The muddled macroeconomic picture gives players reason to diverge, but weak inflation figures published today will
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