Higher-than-expected inflation in the US has led to concerns that the Federal Reserve may not cut interest rates before the November presidential election, potentially impacting Joe Biden's prospects. Investors are now anticipating fewer rate cuts in 2024, with some Wall Street strategists believing this won't hinder stock market performance. Futures indicate a significant probability that the Fed may not implement any rate cuts before Election Day or throughout 2024, raising questions about the central bank's future monetary policy decisions.
Why the Fed might NOT cut rates in 2024 or 2025? https://t.co/IRIwRiC0hf
Futures have priced in a 1-in-3 chance the Fed doesn't deliver a single rate cut before Election Day and a 1-in-7 chance it doesn't do so at all in 2024. https://t.co/9DYM0IOSEH
After March's CPI showed an unexpected uptick Wednesday, investors are now pricing in just two interest rate cuts coming later in 2024. But many Wall Street strategists believe this won't alter stocks' charge higher in 2024: https://t.co/KoqhnPAnI2 https://t.co/Po6Hwi6Y2N
The inflation surge of the last two years has left Americans feeling poorer. Voters may not forgive Joe Biden for it, warns @jarapley 👇 https://t.co/ToU2ZhpX9P
Higher-than-expected inflation has thrown Joe Biden off course. Will he pay the price later this year, asks @jarapley 👇 https://t.co/ToU2ZhpX9P
American inflation is looking stickier than expected. It is possible that the Federal Reserve may not cut interest rates before the presidential election in November, which would be a blow to Joe Biden https://t.co/d9HMEQLBIc 👇