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Major brokerages and professional Fed watchers anticipate one or two rate cuts by the Federal Reserve in September or December. JPMorgan and Citigroup revised their forecasts after the latest jobs report. The Fed is expected to maintain interest rates this week and release new economic projections, with market watchers predicting a decrease in the number of rate cuts for 2024.
Wall Street On Pins And Needles As Market Braces For Fed's Decision: Analyst Says Size And Speed Of Rate Cuts Will 'Frustrate Investors' • Nasdaq Composite and S&P 500 hit fresh highs, on a closing and intraday basis, on Tuesday. • Bond yields remain flat above the 4%… https://t.co/IY5CjGwq2e
U.S. Federal Reserve expected to hold rates steady, project fewer cuts in 2024 https://t.co/F33Q7OtTVK
Investors are on edge as Federal Reserve officials prepare to signal how many interest rate cuts are still likely in 2024. Most market watchers believe policymakers will dial their expectations back. The question is by how much.
