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US OUTLOOK/OPINION: Dudley Thinks The Fed Should And Will Cut 50bps This Week

US OUTLOOK/OPINION
  • Former NY Fed's Dudley has used his latest column to clarify headlines from last week re him seeing a "strong case" for a 50bp cut:
  • "What should it do, and what will it do? The answers to these two questions don’t necessarily have to be the same. But this time around, I think they will be." [...] I expect the Fed will do 50. I believe Chair Powell favors an aggressive approach"
  • Dudley has favored the Fed getting markets used to the prospect of 50bp cuts – he said as such in early August as he wanted Powell to do so at last month’s Jackson Hole address.
  • However, there had been some confusion over whether he though the Fed should cut by 50bp but though it might only cut by 25bps. His comments last week to our policy team, prior to the release of WSJ and FT articles on Thursday, had implied as such but perhaps these articles have given him greater conviction.
USEM BulletCentral Bank NewsFederal ReserveHomepagemarkets-real-timeGlobalEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
USEM BulletCentral Bank NewsFederal ReserveHomepagemarkets-real-timeGlobalEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America

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