Mar 21, 08:36 AM

Fed's Powell Remarks Spark June Rate Cut Expectations, Goldman Predicts 70% Chance

Federal Reserve Chairman Powell's comments have led to expectations of a rate cut in June, with Goldman economists predicting the same. Citi's Andrew Hollenhorst notes a 70% chance of a June rate cut, up from 57% earlier. The Fed's dovish tone includes discussions on balance sheet runoff and potential rate cuts despite strong inflation and growth data.

#Federal Reserve #Powell #Goldman #Citi #Andrew Hollenhorst #Fed

Written with ChatGPT (GPT-3).

Sources

Robb Wolf@robbwolf
2 years ago
Fed Pivot: Interest Rate Cut Expectations Rise After FOMC Meeting https://t.co/BoLq9MtI1a
Verified Investing@InvestVerified
2 years ago
Market Blast - Keys To The Trading Day 1. #FederalReserve takes dovish overall tone. Talks about slowing balance sheet runoff, still 3 rate cuts in 2024. Discounts hotter #CPI and #PPI data. - Rate cut odds stand at 68.3% for June. - Notice how as soon as emergency Bank Term… https://t.co/zoyPAFMzOR
Investing.com@Investingcom
2 years ago
⚠️ JUST IN: *FED ON TRACK FOR A JUNE RATE CUT, GOLDMAN ECONOMISTS SAY DO YOU AGREE? https://t.co/uq9ecYwa3c

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Fed's Powell Remarks Spark June Rate Cut Expectations, Goldman Predicts 70% Chance

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