Weak. In the two statements two fed precedents dissented, kansas city president Esther George and boston president rosengren dissented that is the third time they both dissented. Jim bullard did not dissent on decision. He thinks this is where the fed needs to be with the 25 basis point cut. He believes this is enough. He wanted since last meeting, he want ad 50 basis point cut. This time he got the level he believes. Fed lowered rate on excess reserves to accompany rate cut is 1. 55 . The big news, the Federal Reserve cutting the federal funds rate quarter of a point but signaling a pause for future rate cuts, changing act as apappropriate to assess going forward. Charles edward, thank you. Here to discuss key words and phrases from powell to be impact on this market, former dallas fed advisor Danielle Dimartino booth, paul schatz and former Jpmorgan Chase chief economist anthony chen. We have Katherine Rooney vera. I have to start with you, danielle. The dow is up four points. We wer
US Dollar Index (DXY), measures the value of the US Dollar (USD) against the six other major currencies, extends its losses for the second straight session.
The labor market may be returning to pre-pandemic conditions, Goldman Sachs found.Still, hiring rates are down and unemployment levels are expected to rise