Deciphering FOMC rate-cut rationale, Digital currencies special report
Commentary: Deciphering FOMC rate-cut rationale
By Mark Sobel in Washington
It’s not easy steering monetary policy given the need to anticipate the future amid tweets and challenges to central bank ‘independence’, persistently low inflation despite strong labour markets, low potential growth and global trade uncertainties.
Financial market participants mainly expect a 25 basis point cut in the fed funds rate at the end-July...