With the February Fed meeting rapidly approaching, Jack Farley welcomes Colby Smith, U.S. economics editor for the Financial Times (FT), to share her expectations for the February meeting, and her insights about the transmission of the Fed’s policy to the market and the public.
She argues that the disconnect between the rate cuts being priced into the interest rate futures market and the Federal Reserve’s own forecasts will be one of the most salient issues at tomorrow’s press conference with Fed Chair Jay Powell.
Smith and Farley also discuss the latest economic data, the politics of the Fed, and the looming issue of the U.S. debt ceiling.