Economists: Powell seems to be more dovish, expecting that most policymakers will support a 25 basis point rate cut in September

2024-08-29 20:38:43

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ChainCatcher news, according to Jinshi reports, EY-Parthenon economists Gregory Daco and Lydia Boussour stated, "Powell seems to be more dovish than his peers.

Nevertheless, unless there is a substantial deterioration in the labor market in the coming weeks, we still expect that most decision-makers will favor a 25 basis point rate cut in September."

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Powell interest rate cut dovish