Reported 11 months ago
Investors are gearing up as Federal Reserve officials are expected to adjust their 2024 interest rate cut projections, with most expecting a decrease from the previous forecast of three cuts. The upcoming dot plot release will provide insights into Fed officials' predictions, which could now lean towards only one cut due to recent inflation data, cautious statements, and strong job market performance. Market watchers are looking for signals in Fed Chair Jay Powell's conference this week, anticipating a more data-dependent approach and potential rate adjustments in upcoming meetings.
Source: YAHOO