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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Institution: There will definitely be dissenting opinions at the Fed's September meeting.
[Institution: There Will Definitely Be Dissenting Opinions at the Fed's September Meeting] Jin10 Data, August 14 - Ethan Harris, former chief economist of Bank of America Securities, stated that the days of the Fed moving in unison are long gone. The dissenting opinions supporting interest rate cuts from Waller and Bowman, who were appointed by President Trump in July, have already "broken the harmony." This means that no matter what decision the Fed makes, there will be dissenting opinions. Harris also stated: "I expect there will be intense debates between the hawks and doves before the September meeting, casting some uncertainty on the rate cut decision. The hawks will not easily back down. But I believe this month's data will support a 25 basis point rate cut." The chief economist of Mizuho Securities, Stephen Rich, stated that currently neither the hawks supporting keeping interest rates unchanged nor the doves advocating for loose policies hold a majority. Most Fed officials take a neutral stance. The focus of the debate within the Fed is whether it makes sense to cut interest rates to support a weak labor market. ( Jin10 )