Federal Reserve officials, including Cook, Goolsbee, and Bostic, are expressing caution regarding rate cuts, with differing views on the number of cuts expected in 2024. Some economists believe rate cuts are likely, while others, like Lacker, suggest the possibility of no cuts this year. Citi Economist Veronica Clark forecasts 1.25% in cuts, while the Fed is expected to announce three rate cuts. The Fed is seen as gradually moving towards fewer cuts due to strengthening data, with markets acknowledging this shift.
Fed officials are now considering fewer rate cuts this year https://t.co/Nh4DdOzPcD
“.. The Fed is slowly moving towards no cuts in 2024 .. because the underlying data has been strengthening .. No need to proclaim that now and lose the optionality .. Markets recognize that fewer cuts is not a problem.” $SPX 🇺🇸 - @TS_Lombard @sblitz1 https://t.co/KWZIYhYJjz
CDI ECONOMIC SUMMARY: US FED EXPECTS TO STAY ON COURSE WITH THREE RATE CUTS
“This is a Fed that is maybe secretly getting worried about possible weakness in the labor market,” says @Citi Economist Veronica Clark who is forecasting 1.25% in cuts from the Fed this year. https://t.co/4bRNHKOoLI
Lacker: Fed Should Prepare Markets for Possibility of No Rate Cuts This Year https://t.co/yUc0TkVi5N
NO RATE CUTS AT ALL IN 2024? HEAR WHAT JEFF LACKER FOR @RichmondFed president just told me in his interview I have posted on my Substack. https://t.co/mzYTkSft1o Jeff gives this 40% odds. Also thinks Fed may be pivoting prematurely toward readiness to cut rates to ward off rise…
Fed Speaker Update 🗣️ - Chicago Fed President Goolsbee says he still sees three rate cuts in 2024 - Fed Governor Cook highlighted risks of easing monetary policy too soon - Atlanta Fed President Bostic reiterates expectation for one rate cut this year https://t.co/03nEzKjIoj
“We do believe the Fed wants to cut,” SEI CIO Jim Smigiel says. “Regardless of whether or not we think they should cut three [times], we will definitely get some rate cuts this year.” https://t.co/L2RgKCIloO
Cook’s comments indicate that the Fed won’t rush to cut interest rates anytime soon. The FOMC will announce its next rate decision on May 1, and economists don’t expect cuts at this point. @BrendanPedersen has more: https://t.co/OAnOSPxzJr
Cook says Fed has to move carefully before cutting interest rates https://t.co/zFKNE2rcvp
****Fed’s Cook Emphasizes Need for ‘Cautious’ Approach to Rate Cuts*** | Guess he no got the bank memo yet.... @markets