News about interest rate

From “bumps on the road” to “lack of progress” and greater uncertainty: Federal Reserve Chair Powell hardens his characterization of inflation. #economy #markets

⚠️Earlier today #Fed VC Jefferson noted: "My baseline outlook continues to be that #inflation will decline further, with the policy rate held steady at its current level ...in contrast to Feb 22: "will likely be appropriate to begin dialing back policy restraint later this year" pic.twitter.com/E5F5bqcz2H

🚨#Fed Chair #Powell with hawkish signal 1⃣"Recent data have clearly not given us greater confidence [that #inflation will return to 2%] & instead indicate that likely to take longer than expected to achieve that confidence" 2⃣"Allow restrictive policy further time to work"

❖ INVESTORS EXPECT AT LEAST TWO FED RATE CUTS IN 2024, BOFA SURVEY FINDS Fund managers overwhelmingly--at 76% of those polled--expect two or more Federal Reserve interest rate cuts in 2024, while 8% project no rate cut at all, according to the Bank of America's monthly global…