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From marketwatch.com
The first Cup is the deepest. Calling for a rate cut – the first of its decade in more than a decade – by the US Federal Reserve at some point this year is particularly hot. A survey by the Wall Street Journal earlier this week indicated that nearly 40% of the economists (paywall) surveyed by the publication expected the US central bank to relax its monetary policy next month. Chief economist Joe Davis of Vanguard, the fund provider who manages some $ 5.4 trillion worth of wealth, has speculated that a reduction in the "insurance rate" of Jerome Powell's Fed could arrive as early as Wednesday, at the end of the two-day balance sheet of the central bank. it begins … (full story)
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