Reported about 2 months ago
Investors are now pricing in four interest rate cuts by the Federal Reserve by the end of 2024, after Fed Chair Jerome Powell indicated there is 'ample room' for policy adjustments during his recent speech. With stock markets reacting positively, the Fed's decisions will largely depend on upcoming economic data, particularly concerning the labor market's strength. Analysts have pointed to a weak jobs report as a potential trigger for a larger rate cut in September.
Source: YAHOO