News about Interest Rates

Fed Chair Jay Powell’s approach to cutting interest rates based on forecasts that inflation will continue moving lower could be summed up by the phrase “Trust, but verify.” He used the word “confident” or “confidence” 20 times at a press conference www.wsj.com/economy/central-banking/stung-by-past-mistakes-a-wary-fed-takes-its-time-e361a364?st=57v57wvnlafntfi

FOMC MEDIAN FORECAST SHOWS 25 BPS RATE CUTS IN '24 VS 75 BPS FOMC MEDIAN FORECAST SHOWS 100 BPS RATE CUTS IN '25 VS 75 BPS FOMC MEDIAN 2024 CORE PCE INFLATION EST. UP TO 2.8% VS. 2.6% FED: INFLATION MADE MODEST FURTHER PROGRESS IN RECENT MONTHS

❖ U.S. INTEREST-RATE FUTURES NOW IMPLY ABOUT 70% CHANCE OF A FED RATE CUT BY SEPT

#Fed holds benchmark rate in 5.25-5.5% target range as expected. But they’ve gone to just one rate cut forecast this year in a hawkish surprise. FOMC median forecast shows 100bps rate cuts in ‘25 vs 75bps. pic.twitter.com/tWAfydXkls