Gary Siegel

“A couple” of Federal Open Market Committee members wanted a 50 basis point rate cut at its July 30-31 meeting, according to minutes released Wednesday, while “several” would have preferred no action.

Every coin has two sides and that is the case with a possible September rate cut.

By the end of the week the municipal bond market should have a better idea of what Federal Reserve officials are thinking.

The debate over yield curve inversion continued, as a summer Friday yielded little economic data, but the market waits to parse the minutes of the most recent Federal Open Market Committee and then eyes will turn to the Federal Reserve Bank of Kansas City’s annual Jackson Hole retreat.

The municipal bond market received a variety of data Thursday suggesting economic strength belying the recession forecast by the 2/10-year Treasury yield curve inversion on Wednesday.

This part of the curve inverted for the first time since June 2007.

While the consumer price index climbed 0.3% in July, as did the core rate, the broad-based increases are unlikely to continue, according to analysts.

While Monday’s data was low-tier, this week will feature several economic reports that will offer data the Federal Reserve will parse in advance of its September meeting.

Vinay Kapoor, Americas head of diversity and inclusion at BNP Paribas, talks about the importance of diversity and inclusion in the financial industry, especially for the LGBTQ+ community. Chip Barnett and Gary Siegel host.

Federal Reserve Board Chair Jerome Powell defended the 25 basis point rate cut in the face of a resilient economy and refused to speculate about future moves.

Danielle DiMartino Booth discusses the Fed, yield curve inversion and why a 25 basis point rate cut won't stimulate the economy. Aaron Weitzman and Gary Siegel host.

The latest Summary of Economic Projections, and statements by Federal Reserve officials, show a nearly even split between those favoring a rate cut and those opposed.

“Growth of 2.1% is better than expected, but highly reliant on a surge in household consumption.”

Durable goods orders rose as non-defense capital goods orders excluding aircraft posted their largest gain since February 2018.

Mickey Levy, Berenberg Capital Markets Chief Economist U.S., Americas and Asia, discusses why the Fed rate cut will not stimulate the economy, and its unhealthy relationship with the financial markets. Gary Siegel hosts.

Although new home sales rose for the first time in three months, the rate was lower than expected.

Existing home sales and the Federal Reserve Bank of Richmond’s manufacturing index support a 25 basis point Fed rate cut next week.

While Federal Reserve officials made it clear they intend to cut interest rates at their July 30-31 meeting, not all of the regional presidents are on board with this move.

With a rate cut all but certain at this month’s Federal Open Market Committee meeting, the discussion has again turned to the magnitude.

With the neutral rate of interest rate extremely low, New York Fed President John Williams suggested the keys are acting quickly and keeping rates lower longer.