Federal Reserve expected to hold rates, may lower rate cut expectations for 2024
==========
The Federal Reserve is expected to hold interest rates steady at its upcoming meeting, making it the seventh consecutive meeting without a change. Market watchers will be paying attention to the wording in the FOMC's policy statement, the Summary of Economic Projections, and Chairman Jerome Powell's comments at the post-decision press conference. Economists expect a change in the Fed's description of progress on inflation to 'slow' and a nod to the recent mix of activity and price data suggesting a lower risk of price re-acceleration. The data in the policymakers' Summary of Economic Projections may reveal a reduction in rate cut expectations for 2024, with economists projecting two rate cuts by the end of the year. Longer-run interest rate projections and the neutral interest rate will also be closely watched. Chair Powell is expected to emphasize patience regarding rate cuts and assure market participants that the FOMC's views of fundamentals haven't changed.
#FederalReserve #InterestRates #RateCuts #Inflation #EconomicProjections #JeromePowell
https://seekingalpha.com/news/4114171-federal-reserve-expected-to-hold-rates-may-lower-rate-cut-expectations-for-2024
Seeking Alpha /
npub1qpf…damf
2024-06-09 23:05:30
Author Public Key
npub1qpfrthtcf6g8grmwfv45qf28aa4xqk73pgnmwjdfuze8zl2l2cnsewdamfPublished at
2024-06-09 23:05:30Event JSON
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"content": "Federal Reserve expected to hold rates, may lower rate cut expectations for 2024\n==========\n\nThe Federal Reserve is expected to hold interest rates steady at its upcoming meeting, making it the seventh consecutive meeting without a change. Market watchers will be paying attention to the wording in the FOMC's policy statement, the Summary of Economic Projections, and Chairman Jerome Powell's comments at the post-decision press conference. Economists expect a change in the Fed's description of progress on inflation to 'slow' and a nod to the recent mix of activity and price data suggesting a lower risk of price re-acceleration. The data in the policymakers' Summary of Economic Projections may reveal a reduction in rate cut expectations for 2024, with economists projecting two rate cuts by the end of the year. Longer-run interest rate projections and the neutral interest rate will also be closely watched. Chair Powell is expected to emphasize patience regarding rate cuts and assure market participants that the FOMC's views of fundamentals haven't changed.\n\n#FederalReserve #InterestRates #RateCuts #Inflation #EconomicProjections #JeromePowell\n\nhttps://seekingalpha.com/news/4114171-federal-reserve-expected-to-hold-rates-may-lower-rate-cut-expectations-for-2024",
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