sugarberries
@sugarberries
The Fed kept rates steady in June, as expected. Their forecast shows 2024 rates at 3.9%, same as March. They raised inflation and jobless predictions, cut growth outlook. Powell stayed neutral but leaned slightly hawkish. Key focus was conflicting signals in statements and SEP. With tariff uncertainty, the Fed tilted toward inflation control. CITIC expects ≤2 rate cuts this year, possibly in September.
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