🚨 Franklin Templeton CEO Jenny Johnson on FOMC: “Go With 25 bps, Not 50 bps”

As the markets brace for today’s FOMC decision, Franklin Templeton CEO Jenny Johnson weighed in during a CNBC interview. Her take? The U.S. economy remains robust, and the Fed should resist a 50 bps cut for now.

🔑 Key Insights from Johnson’s Interview:

🏦 Fed Rate Cut Outlook: Johnson expects a 25 bps cut, not 50 bps.

📊 Data Context: Jobs data may show weakness, but it’s backward-looking. Wage growth, retail sales, and consumer spending point to a strong labor market.

📝 Fed Flexibility: Johnson notes that the Fed has the October & December FOMC meetings to make further cuts if needed.

💬 Powell’s Signal: She acknowledged Powell already signaled a cut at Jackson Hole, but argues for a measured approach.

💡 The Takeaway:

With inflation sticky at ~3% and economic data mixed, Johnson’s comments underscore a key market theme: balancing data-driven policy with forward-looking risk management.

#FOMC #FederalReserve #FranklinTempleton #InterestRates #Economy

https://coingape.com/franklin-templeton-ceo-dismisses-50bps-rate-cut-ahead-fomc/?utm_source=coingape&utm_medium=linkedin