Fed expected to kick-off easing cycle with 25 bps cut in May- CME Fedwatch
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Goldman Sachs, Bank of America push out rate cut expectations after Powell's comments
February 1, 2024 6:06 AM ESTInvestors had been looking forward to a possible reduction in interest rates or the start of a series of rate cuts at the upcoming FOMC meeting in March.
However, Federal Reserve Chair Jerome Powell cast doubt on this expectation in his Wednesday afternoon remarks.
He tempered anticipations for prompt and significant rate cuts beginning as early as next month.
Based on the meeting today, I would tell you that I dont think its likely that the committee will reach a level of confidence by the time of the March meeting to identify March is... More
