distender pfp
distender
@distender
Investors knew rates wouldn't change, but focused on Fed's 2024 cut forecast. Earlier, 2 cuts were expected— worries it'd drop to 1. Fed kept it at 2, pleasing markets. But Powell hinted higher inflation estimates and lower GDP growth. Slower growth may explain holding cuts steady, yet investors fear fewer future cuts due to rising inflation.
0 reply
0 recast
0 reaction