Central Banks Struggle To Regain The Rates Narrative | Metals Mine

  • Central Banks Struggle To Regain The Rates Narrative

    From beemarkets.com

    Major central banks’ unconvincing mix of policy cuts and pauses last week shows they are struggling to regain the global rates narrative. Amid the uncertainty, relative value opportunities are emerging.As expected, the U.S. Federal Reserve last week lowered interest rates by 25 basis points, giving the markets what was priced in, but disappointing in providing forward guidance.Overall, the sense is that the Fed lacked solid conviction behind its decision, reflecting a wide dispersion in the views of the Federal Open Market Committee members on the economy and how best to manage a weakening labor market and ... (full story)

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Schultz
Sep 22, 2025 7:41am
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Quoting Trader#694A
Stephen Mann, Trump's recent Fed appointee, was the only one advocating for a 1.25% rate cut this year—a clear attempt by Trump to influence Fed policy. Credit to the rest of the MPC for rejecting this blatant political interference. May they continue demonstrating such independence and judgment.
Actually, it isn't Stephen Mann, it is Stephen Moron.

What he didn't realise is that all eyes were upon him. Now if he had played the game and built up some short term credibility by advocating a quarter of a percent, and modest thereafter, the others may have taken notice.

As it transpires, he has lost all hope of ever being persuasive to the others. Now that wasn't very clever, was it? doh!

Even the two gung-ho members (Bowman and Waller?) on cutting rates were suitably restrained.

I think Powell mentioned the relative persuasiveness of voting members but of course didn't mention names. Didn't have to.
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Trader#694A
Sep 22, 2025 3:26am
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Stephen Mann, Trump's recent Fed appointee, was the only one advocating for a 1.25% rate cut this year—a clear attempt by Trump to influence Fed policy. Credit to the rest of the MPC for rejecting this blatant political interference. May they continue demonstrating such independence and judgment.
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Fractality
Sep 22, 2025 3:15am
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No it didn’t. Powell was very clear in opening comments. Job market is the priority and inflation comes next. Incoming cuts but always with an eye on data.

Love it when they make market noise.
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Trader#8020
Sep 22, 2025 9:35am
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It's Stephen Miran who's the new Fed member. Sorry for the typo.
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