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Investors waiting to see whether Fed still expects 3 rate cuts in 2024

From finance.yahoo.com

The Federal Reserve is widely expected to hold rates steady when the central bank concludes its policy meeting Wednesday afternoon. But the bigger question on the minds of investors is whether policymakers still believe three interest rate cuts are likely in 2024. The answer will come in the form of the Fed's latest "dot plot," a chart updated quarterly that shows the prediction of each Fed official about the direction of the federal funds rate. In December, the dot plot revealed a consensus among Fed officials for three cuts for 2024, the first sign that the central bank was prepared to start loosening monetary ... (full story)

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  • Category: Fundamental Analysis