Bank of America says the September Federal Open Market Committee (FOMC) meeting is live

A note from Bank of America with their outlook for the Federal Open Market Committee (FOMC).

  • We maintain our view on a December cut based on trends in inflation

But. they add:

  • Risks are tilting towards an earlier cut
  • net softness in the jobs report should keep expectations of a cut this year in market pricing and should keep September live
  • labor market continues to cool
  • we see the activity and employment data as confirming a cooling economy and one that will lead the Fed to begin a gradual rate cut cycle later this year

As a heads up, Federal Reserve Chair Powell is speaking Tuesday:

This article was written by Eamonn Sheridan at www.forexlive.com. Source