No Rate Cut Until December? How Crude Oil & Iran Upset Fed's Dual Mandate
Schwab Network · Schwab Network
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Show Notes
"The big action is going to be in the summary of economic projections and, of course, the press conference," says Joe Brusuelas on Wednesday's interest rate decision from the FOMC. He's leaning toward December for the next rate cut due to the committee staying "cautious" until the U.S.-Iran uncertainty subsides. Joe talks about how crude oil prices play a role in the decision and ways they mount against the Fed's dual mandate.
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