The Case for More Fed Rate Cuts Is No Longer Strong

Note: Last week, the subscriber service was shutdown for this blog due to technical difficulties. We should be up and running again now.

My recap of yesterday’s FOMC meeting is up on Bloomberg this morning:

The Federal Reserve has now lowered its target interest rate for overnight loans between banks twice since the end of July. The central bank’s economic projections and Chairman Jerome Powell’s post-meeting news conference suggest policy makers aren’t quite ready to cut rates a third time, and will need to see either weaker economic data or an intensification of the U.S-China trade war to deliver that cut….

Continued at Bloomberg Opinion…