Discussion The OIS market currently has the Fed cutting rates sometime between January and March. In his speech Friday Powell “pushed back” against rate cut pricing, saying: It would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease. We are prepared to tighten policy further if it becomes appropriate to do so.
The Fed: Powell d/b/a Burns
The Fed: Powell d/b/a Burns
The Fed: Powell d/b/a Burns
Discussion The OIS market currently has the Fed cutting rates sometime between January and March. In his speech Friday Powell “pushed back” against rate cut pricing, saying: It would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease. We are prepared to tighten policy further if it becomes appropriate to do so.