FTN Financial Economic Weekly

Chris Low, and Rebecca Kooshak
June FOMC Marks Second Fed Pivot in Six Months

This week, the Fed opened the door to possible rate cuts later this year. Chair Powell handled the Fed’s second 2019 policy pivot masterfully, allowing the Fed a significant reversal of previous guidance without backtracking even an inch. We expect 75bp of cuts at the July and September meetings, though any cuts remain contingent on incoming data.

Plus "The Week Ahead," a preview of next week’s potentially market-moving events.

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