A plurality of Wall Street Breakfast subscribers see the central bank cutting rates for the first time in September, compared to any of the other coming meetings or no policy changes for 2024. Snapshot: If there's one big character trait of Fed Chair Jay Powell, it's that he doesn't like to surprise. David Lerner, SA Investing Group Leader of Group Mind Investing, even brings up the potential for a rare inter-meeting rate cut. (4 comments)Central bank divergenceWhile the Fed is inching toward a rate cut cycle, the Bank of Japan is moving in the opposite direction. The moves underscored efforts to normalize monetary policy after years of its negative interest rate policy that ended in March.

Source: CNN July 31, 2024 12:51 UTC