Vimal Gor at Ellerston is one my faves. He writes at the AFR that the Federal Reserve is planning to drop rates earlier than the market anticipates.
Gor believes declining employment will provide them with the necessary impetus to lower rates, and there’s a chance this happens as soon as July.
The Fed must take into account the employment situation in addition to inflation because of its dual mandate, which makes it even more crucial given that the US election is less than six months away.
