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  • What a shift in Fed Dots would mean for G10 FX

    From think.ing.com

    Tonight sees the results of the March FOMC meeting, where we will see a new statement, a new Summary of Economic Projections (SEP) and Fed Chair Jay Powell hold a press conference. Perhaps of most interest to the market is the SEP release and, in particular, the median Dot Plot - or the median forecast of Fed members - for rate cuts this year. The last SEP release in December showed the Fed expecting to cut rates three times this year or by 75bp. ING's US economist, James Knightley, writes that on balance the median Fed forecast for 2024 rate cuts probably stays at 75bp. But he notes that it would only take two Fed ... (full story)

Hmm for me I see maybe 2/3 being the max and I'm not even certain about that honestly.
The solution is (x).
No one across the globe is going to raise or lower their interest rates AT ALL this year!
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In my honest opinion there's 0 chance for the FEDs to lower the rates while the stock market , crypto and gold are "overextended"
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There will be at least 2 cuts in 2024 due to the upcoming elections and the sinking inflation as a consequence of the deteriorating economy. We shall see.
Everyone has already got the script for tonight except retail traders.
Rate cut not possible right now
Predicted to say nothing, but might throw in something about CBDC’s today or friday.
Equality will be the next big thing in trading
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