UBS on the FOMC (July meeting): 50bps if Powell gets his way?

Author: Eamonn Sheridan | Category: Central Banks

UBS assess that Fed Chair Powell wants a 50bp cut to offset any confidence shock and also manage the risks to the economic outlook.

  • The bank say to watch incoming data into the July meeting
  • The data may or may not be enough for Powell to convince the Committee to cut 50bp
  • Thus a 25bp cut is likely negotiated compromise
UBS assess that Fed Chair Powell wants a 50bp cut to offsetany confidence shock and also manage the risks to the economic outlook.I reckon a 50bp cut in July would pretty much mean Powell is a lock for a Space Cadet position.

ps. Earlier FOMC views posted for reference:

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