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Federal Reserve officials have varying opinions on the number of interest rate cuts in 2024, with predictions ranging from none to potentially more than three. Mary Daly of the San Francisco Fed mentioned three forecasted cuts, while others like J.P. Morgan's David Lebovitz believe two to three cuts are likely. This contrasts with a Fed official's statement suggesting no rate cuts may occur this year, causing uncertainty in Wall Street's expectations.
A Federal Reserve official on Thursday raised the possibility the central bank may not cut interest rates at all in 2024, deflating Wall Street's expectations that several reductions could be in store later this year. https://t.co/WvLBa4P5yP
"I think two to three cuts this year is reasonable," J.P. Morgan's David Lebovitz says. "This is a Fed that wants to cut rates. They've said that they want to cut rates and it's really going to take a significant fly in the ointment for them to deviate from that approach." https://t.co/fJgFkNO2Qx
How many rate cuts will we see from the Fed in 2024? @fundstrat weighs in: "There's a possibility there's more than three cuts this year." https://t.co/R208Rj9TYv https://t.co/himSYsmJYw