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But we saved everything 🙂.
Little support for imminent rate cut among FOMC non-chairs, Sam Ro notes
Sam Ro highlights expectations around Federal Open Market Committee deliberations, noting that the 11 non-chair members of the FOMC are unlikely to see a good case for a rate cut soon.
Ro adds that how Warsh communicates this in the press conference will be a key measure of his effectiveness in leading the Committee, citing commentary from JPM.
Sam Ro recently reported that Bank of America data shows U.S. household card spending rose 5.2% year over year for the week ending May 30. Earlier, he covered news that Barry Diller’s People Inc. is preparing an $18 billion offer for MGM Resorts. These developments come as markets focus on upcoming FOMC signals.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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