Meridian Daily News

The Great Pivot: Why the Fed is Finally Ready to Blink

By Evelyn Hartwell · 6 min read

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The mahogany doors of the Eccles Building in Washington D.C.

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It is no longer a question of 'if' the Fed will cut rates this September, but rather 'how deep' the first incision will be.

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For nearly 30 months, the Federal Open Market Committee (FOMC) has been singular in its focus.

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But the data has finally turned.

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I spoke with a senior bond trader at a Tier-1 bank yesterday who put it bluntly: "The Fed stayed at the party too long.

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While we focus on Washington, the rest of the world isn't standing still.

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