Today, many institutions are trimming back their rate cut expectations given strong labor market data and slow progress on inflation.At the beginning of 2024, several banks forecasted five or more interest rate cuts over the year, while the median projection for Federal Reserve policymakers was three quarter-point cuts by fiscal year-end in March. Now, it has pared this back to one rate cut this year.
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0 sats \ 0 replies \ @Skywalker 3 Jul
According to the Minutes from the two-day session held on June 11-12, Federal Reserve officials acknowledged that the US economy seemed to be slowing and noted that "price pressures were easing." However, they advised adopting a cautious stance and refraining from committing to interest rate cuts until further observation.
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