Expert: Powell appears more dovish, majority of policymakers expected to favor 25 bps rate cut in September
Powell appears to be more dovish than his counterparts,” said Ernst Young-Parthenon economists Gregory Daco and Lydia Boussour. Nonetheless, unless there is a material deterioration in the labor market in the coming weeks, we still expect a majority of policymakers to favor a 25 basis point rate cut in September.
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