@davidkil89
Latest news: Fed increased by $2.5 billion in one week.
Daley, Fed Chairman:
- The Fed's monetary policy will probably need to be adjusted.
- I expect inflation to decline and the labor market to cool.
- 1-2 Fed rate cuts this year are a suitable solution.
- It is necessary to see more macro data for further decisions.
- The Fed will cut the rate 8 times (in 25 bp steps) from September 2024 to July 2025.
š Market expectations (#Fed rate):
- July 31: Pause.
- September 18: decrease by 25 bp. up to 5.00-5.25%.
- November 7: decrease by 25 bp. up to 4.75-5.00%.
- December 18: decrease by 25 bp. up to 4.50-4.75%.
- January 29, 2025: Pause.
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