Posted 4/2/2024, 3:45:47 PM
Fed: Rate Cuts Still Possible This Year, But Not Imminent
- June rate cut by Fed still a possibility depending on incoming data, but not likely at upcoming April/May meetings
- Economy currently resilient and tolerating higher interest rates
- Inflation progressing slowly; Fed wants faster disinflation towards 2% target
- Chance of Fed waiting until after November elections to start rate cut cycle less than 50%
- Path of rate cuts this year depends heavily on performance of economy and inflation data