Kansas City Fed Meetup Rate Cut Hint Aftermath Runs The World

Our smarter readers already consumed most of the news from this event . . . But we wanted to post if only to remind all TKC readers that the economic decisions from a group of bankers right here in KCMO serve to dictate the global economy to a larger degree than most can imagine.

Here's a hint and worthwhile roundup report . .  .  

 Chair Jerome Powell used his keynote speech to signal the Fed is headed for an interest-rate cut as soon as its next policy meeting in September. Yet there are clear divisions among policymakers over whether that’s the right call. Powell, himself, noted the economy has handed Fed officials a “challenging situation.”

Policymakers are grappling with inflation that’s still above their 2% goal — and rising — and a labor market that’s showing signs of weakness. That unnerving reality, which pulls policy in opposite directions, is made worse by a high degree of uncertainty about how each of those factors will evolve over the coming months. 

Read more via www.TonysKansasCity.com link . . .

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