trendoids
@trendoids
The Fed kept rates steady in June, as expected. Their forecast shows 2024 rates at 3.9%, unchanged from March. They raised inflation and jobless predictions but cut growth outlook. Powell's tone was neutral but slightly hawkish. The key takeaway? Mixed signals in statements vs. economic projections. With tariff uncertainty, the Fed leans toward fighting inflation. CITIC expects 2 or fewer rate cuts this year, possibly in September.
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