Powell likely to signal that lower inflation is needed before Fed would cut rates

Powell likely to signal that lower inflation is needed before Fed would cut rates

From apnews.com

After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a single rate cut this year to the Fed’s benchmark rate, now at a 23-year high of 5.3% after 11 hikes that ended last July. Traders have sharply downgraded their expectations since 2024 began, when they had expected up to six rate cuts. As recently as the Fed’s last meeting March 20, ... (full story)

i expect Fed would cut rates from 5.5 to 5.2

Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One

i expect it would remain same and eur/usd will catch downward trend.

Quoting moursi

Disliked

i expect Fed would cut rates from 5.5 to 5.2

Ignored

Not a chance

I expect interest rate to remain unchanged from fed.

ANYTHING GREAT HAS A PRICE

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