3 ms·
Why do you think it will happen inevitably?
by tossandthrow 2y ago
Why do you think it will happen inevitably?
- toomuchtodo 2y agoMetric trajectory Fed relies on to set the benchmark rate. Powell also stated they'd cut on labor market weakness. https://www.bloomberg.com/news/articles/2024-03-24/fed-s-powell-ready-to-support-job-market-even-if-inflation-lingers https://www.bloomberg.com/news/articles/2024-03-24/fed-s-pow... | https://archive.today/YZXrL https://archive.today/YZXrL https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20240320.pdf https://www.federalreserve.gov/mediacenter/files/FOMCprescon...
- tossandthrow 2y agoA complete aside: I am wondering what the end game here is. If money are totally reducible to labor, but we just don't need labor anymore? Will we merely go one with negative interest and qe?
- toomuchtodo 2y agoAdditional citation: https://www.bloomberg.com/news/articles/2024-06-04/bond-traders-pile-into-fresh-bets-on-faster-pace-of-fed-cuts https://www.bloomberg.com/news/articles/2024-06-04/bond-trad... | https://archive.today/aRElH https://archive.today/aRElH > Bond traders are tilting dovish again, piling into wagers that would benefit from a faster pace of Federal Reserve interest rate cuts as Treasuries rally. > “The next move that the Fed is going to make is ultimately going to be one that protects the strength of the labor market, rather than one that in which they need to be fighting inflation,” Kelsey Berro, fixed-income portfolio manager at JPMorgan Asset Management, told Bloomberg Television Tuesday. “We do think that inflation generally is under control.