During the press conference after the July 31 FOMC meeting Chair Powell did his best to avoid providing any hint about a rate cut at the September meeting as I suggested last week. “ Based on Chair Powell’s statements I think Chair Powell will avoid providing any hints since he doesn’t want to get boxed in as he awaits more data.” This is the exchange between a Reporter and Chair Powell.
Reporter: “ Markets pretty much entirely expect a rate cut in September at this stage. I wonder if you think that's a reasonable expectation and if so, why not just make the...
