There is a lot riding for Wall Street as the Fed meets this week.
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, March 7, 2024.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are.
Signals from Fed Chair Jerome Powell and the other officials on future rate cuts will be in sharp focus as policymakers give updates on rates, economic growth, inflation and unemployment at their two-day meeting which wraps up on Wednesday."Hotter-than-expected inflation data to start the year argue for a hawkish-leaning message from the Fed at the March FOMC meeting.
"Our baseline remains that the first-rate cut will come in June and the Fed will deliver 100bps of reductions this year. However, risks are clearly skewed to more hawkish outcomes. The timing and pace of rate cuts could well be irregular this cycle and will likely be highly data dependent." Investors will also want to know whether the Fed will continue to pencil in three rate cuts for this year. Some economists argue there's a good chance it could be pared back to only two."You can always cut it quickly and dramatically. Their credibility is a little bit at stake here," he said. "I would even wait past June and let it all sort it out."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
CNBC Daily Open: Wall Street focus turns to the FedThere is a lot riding for Wall Street as the Fed meets this week.
Lire la suite »
CNBC Daily Open: Wall Street focus turns to the FedThere is a lot riding for Wall Street as the Fed meets this week.
Lire la suite »
CNBC Daily Open: Fed rate cuts come under scrutinyThere is a lot riding for Wall Street as the Fed meets this week.
Lire la suite »
CNBC Daily Open: Stubborn inflation is a problem for the FedOnce again, inflation came in hot for a second straight month.
Lire la suite »
CNBC Daily Open: Sticky inflation muddies water for FedOnce again, inflation came in hot for a second straight month.
Lire la suite »
CNBC Daily Open: U.S. retail sales in sharp focusAmerican consumers started the year on shaky footing but a bounce back could be in sight.
Lire la suite »