As was widely expected, the FOMC voted to reduce the Federal Funds target range last week by another quarter point following its September policy meeting. Kevin Flanagan discusses whether another cut in December is likely.
The calendar has now turned to September, and that means another FOMC meeting is on tap with the results slated for announcement on September 18th. Based on “Fedspeak” surrounding the recent Jackson Hole conference, it appears as if there is some division among the policy makers on what the next step will be. Kevin Flanagan discusses the possible outcomes.