Easing labour market conditions mean the FOMC is set to vote for a 25bp cut next week, lowering the fed funds target range to between 4.00% and 4.25%, although a rare triple dissent in favour of a 50bp move could steal the headlines. We expect the new Summary of Projections (SEP) to show only a slightly faster and deeper pace of easing than before, leaving the projected interest rate path above market pricing.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services