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The #Federal Reserve is expected to keep interest rates unchanged on Wednesday. https://t.co/bjEolnqJ2M
Market participants now expect first rate cut in September, and 2 cuts this year. Expectations for a July cut have increased (still low), but we will only have 1 more CPI report, and 2 PCE reports before then.
Fed expected to hold rates steady, project fewer cuts in 2024 https://t.co/3WrhgqnSfM https://t.co/DD3Zel8Agr
Federal Reserve officials are expected to maintain interest rates at their meeting this week. Market expectations suggest fewer rate cuts in 2024, with a shift from three to two cuts in the dot plot. The Fed is likely to emphasize being 'data-driven' and may reduce economic growth projections for 2024 and 2025.