Seth Bassoff

“In our view, the combination of weaker-than-expected (but still solid) updates on employment recently and last week's updates on inflation provide more than enough evidence for the Fed to confidently cut its policy rate by ‘at least’ 25 basis points on Wednesday as it looks to begin its policy easing cycle.

But more importantly, the committee may look to evolve its messaging on Wednesday to communicate that ‘growth’ (i.e., maintaining stable employment) has become a key factor in driving rate decisions moving forward, possibly even more than price stability (i.e., inflation).” – Anthony Saglimbene, Ameriprise Chief Market Strategist

The Fed has more than enough evidence to cut rates this week Get more expert insights by reading the latest Weekly Market Perspectives.

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