Confidence Game By Benjamin Picton, Senior Macro Strategist at Rabobank As we approach the Jackson Hole Symposium later this week the message from Fed speakers, broadly, has been that they are gaining confidence that the economy is reaching the point where the Fed Funds rate can be cut. Speaking to the Financial Times on Friday, Atlanta Fed President Raphael Bostic said that he is “open” to a Fed cut in September and, critically, that the Fed “can’t afford to be late” in delivering policy easing. Bostic’s comments reflect the emerging dichotomy between cooling inflation indicators and a labour market that… — Continue at ZeroHedge News : Read More
