Fed Rate Cut Outlook: Four Officials Now See No Cuts This Year

IconCryptoNewsTerminal Staff13 Jun, 2024

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Fed Rate Cut Outlook: Four Officials Now See No Cuts This Year

The number of Federal Reserve officials who anticipate no interest rate cuts this year has increased from two in March to four, according to Nick Timiraos, a Fed reporter for The Wall Street Journal. Timiraos, often referred to as the unofficial Fed mouthpiece, reported that seven officials expect one cut, while eight anticipate two cuts in 2023. This shift in sentiment among Fed officials suggests a growing confidence in the economy and a belief that inflation is under control. The Fed has raised interest rates aggressively in recent months to combat inflation, but it is now considering pausing or even reversing those hikes. The Fed's next policy meeting is scheduled for March 21-22, and the markets will be closely watching for any signals about the future path of interest rates.

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