Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy

[SassyIrishLass]

Surprise!!! No rate decrease soon. Probably why the markets tanked, eh?

 

[Cellblock2429]

Inflation is slowing and the economy healthy with interest rate cuts coming this year.

/----/ Don't you ever get tired of being wrong?
Bloomberg 2/28/2024

Fed bets converge​

Bond traders no longer predict the Federal Reserve will cut interest rates by more than 75 basis points this year, with the view now finally in line with what the central bank itself has indicated as the likeliest outcome. That closes a gap that has been narrowing since the start of the year between what traders forecast for rate cuts this year and the pushback against those bets by central banks. That’s unraveling what was supposed to be the big bond trade of 2024 — the yield curve returning to a traditional upward slope.