Fed's 'confidence' in disinflation not bolstered by recent data, minutes show
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April 11, 2024 6:25 AM EDTFollowing Wednesday's hotter-than-expected CPI data and the FOMC minutes, analysts at investment banks Citi, UBS, and Goldman Sachs have said they don't see the Federal Reserve cutting rates in June.
Citi told investors in a note that the March minutes show Fed officials still need more confidence.
"'Generally' Fed officials did not have more confidence after the January and February inflation prints, and today's strong March CPI print would have not increased that confidence either," said Citi. "This makes the case... More
