Fed's Rate Cut Strategy Under Scrutiny as Inflation Fight Succeeds
TL;DR Summary
The U.S. chief economist at Societe Generale does not expect a rate cut from the Federal Reserve in March 2024, but believes that Fed Chair Powell will not strongly oppose expectations of rate cuts later in the year. The upcoming Federal Open Market Committee (FOMC) meeting is expected to maintain the current interest rate range, with a hawkish policy statement and projections of slower economic growth in 2024. Powell may mention the possibility of future rate hikes if inflation accelerates, but it is considered premature to discuss rate cuts at this time.
- FOMC preview and look ahead - no rate cut in March 2024 ForexLive
- Interest rate outlook: Here's how many rate cuts Wall Street expects Business Insider
- The Fed’s higher-for-longer strategy on interest rates is slowly crumbling. Welcome to higher-for-long-enough. CNN
- Jerome Powell's Inflation Fight Is Succeeding, Raising Questions About Rate Cuts The Wall Street Journal
- Fed Starts to Confront the Next Big Question: Why to Cut Rates Bloomberg
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