IWM - The Fed Preview: Mildly Dovish But Not Enough To Stop The Selloff
2024-07-26 14:15:20 ET
Summary
- The Fed is likely to remain data-dependent, and unlikely to commit to a cut in September.
- The mega-cap earnings will be more important than the Fed, as the process of the Gen AI bubble burst unfolds.
- Even if the Fed does signal the September cut, the reaction could be negative if the Japanese Yen spikes and continues to bust the Yen carry trade.
The pivotal July meeting
The FOMC is set to meet for the July meeting and make the interest rate decision on July 31st. It is widely expected that the Fed will keep the Federal Funds rate unchanged....
The Fed Preview: Mildly Dovish, But Not Enough To Stop The Selloff