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MNI Fed Review - Sept 2024: “Strong Move”, But “No Rush"

MNI (NEW YORK) - EXECUTIVE SUMMARY:

Surprises at the September FOMC were actually relatively limited outside of the decision itself, which went in favor of a 50bp cut to 4.75-5.00% instead of a 25bp cut – and even then, either outcome was priced at roughly 50/50 going into 2pm ET. 

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MNI (NEW YORK) - EXECUTIVE SUMMARY:

Surprises at the September FOMC were actually relatively limited outside of the decision itself, which went in favor of a 50bp cut to 4.75-5.00% instead of a 25bp cut – and even then, either outcome was priced at roughly 50/50 going into 2pm ET. 

Keep reading...Show less