Fed Day Arrives Without a Consensus for First Time in Years
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Federal Reserve meeting on September 18, 2024, lacks consensus on interest rate cuts; economists split on 25 vs. 50 basis points; UK inflation steady at 2.2%; Brazil to raise rates post-Fed decision; job market weakens, unemployment at 4.2%; core inflation at 2.6%; new Fed projections expected; derivatives markets predict 2.5 percentage points of cuts by end of next year; Evercore ISI revises US GDP forecast to 1% gain for Q4 2024.

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https://www.bloomberg.com/news/newsletters/2024-09-18/fed-interest-rate-decision-there-s-no-consensus-on-size-of-cut