Via the excellent Damien Boey at Credit Suisse: The Fed delivered a “hawkish” easing this morning, cutting the Fed funds rate by 25bps to 1.75-2%, and the interest rate on excess reserves by 30bps to 1.8%. Importantly, officials reiterated their “median” guidance for no more rate cuts this year. Interestingly, there were three dissenters –
The post Has the Fed plugged the US dollar leak? appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]