18 September 2025 US Monitor FOMC likely to ease a further 50bp this year, but expect close votes
16th Sep 2025 11:17USDaily Monitor
- The median FOMC participant expects to ease by a further 50bp this year, but several envisage less.
- The risks to the FOMC’s unemployment forecast are skewed to the upside; rates will fall to 3% next year.
- Last week’s surge in mortgage refinancing is unlikely to endure; new rates are still too high.
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