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In a podcast interview, newest Fed Governor (Trump appointee and dove)Miran says: I expect we will cut in December I want to get to neutral in 50 basis-point increments; a lot of my colleagues want 25 bps incrementsDon’t need 75 basis point cut, don’t need to make up for lost ground on cutsLabor market deterioration is gradual, not accelerating.We have the extremes with Hammock driving the hawkish views and Miran driving the dovish views.Stocks are off lows but still down sharply on the day.
This article was written by Greg Michalowski at investinglive.com.
💡 DMK Insight
The Fed’s potential December rate cut could shift market dynamics significantly. Miran’s comments suggest a more dovish approach, favoring 50 basis-point cuts to reach neutral, which contrasts with the more cautious 25 bps favored by some colleagues. This divergence could lead to increased volatility in both the forex and equity markets as traders adjust their positions based on anticipated monetary policy changes. If the Fed does indeed cut rates, we might see a weakening of the dollar, impacting commodities and crypto assets that often move inversely to the dollar’s strength. Watch for key levels around the DXY index; a break below recent support could trigger further selling pressure. On the flip side, if the Fed opts for a more conservative approach, we could see a rally in the dollar and a pullback in risk assets. Traders should keep an eye on economic indicators leading up to the December meeting, particularly inflation data and employment figures, as these will heavily influence the Fed’s decision-making process.
📮 Takeaway
Monitor the DXY index for potential shifts; a break below support could signal dollar weakness ahead of the Fed’s December meeting.
