Federal Reserve Chairman Powell's comments have led to expectations of a rate cut in June, with Goldman economists predicting the same. Citi's Andrew Hollenhorst notes a 70% chance of a June rate cut, up from 57% earlier. The Fed's dovish tone includes discussions on balance sheet runoff and potential rate cuts despite strong inflation and growth data.
Fed Pivot: Interest Rate Cut Expectations Rise After FOMC Meeting https://t.co/BoLq9MtI1a
Market Blast - Keys To The Trading Day 1. #FederalReserve takes dovish overall tone. Talks about slowing balance sheet runoff, still 3 rate cuts in 2024. Discounts hotter #CPI and #PPI data. - Rate cut odds stand at 68.3% for June. - Notice how as soon as emergency Bank Term… https://t.co/zoyPAFMzOR
⚠️ JUST IN: *FED ON TRACK FOR A JUNE RATE CUT, GOLDMAN ECONOMISTS SAY DO YOU AGREE? https://t.co/uq9ecYwa3c
"The Fed delivered a straightforwardly dovish message: rate cuts are coming even if inflation or growth run stronger than expected:" Citi's Andrew Hollenhorst Traders are now pricing in an 70% chance of a June Fed rate cut vs a 57% chance priced in on Tuesday.
Fed on track for a June cut, Goldman economists say https://t.co/TzlV6Ox9CW https://t.co/aTdRPK5n8j
Treasury yields dip after Powell comments bolster hopes for June rate cut https://t.co/i6EvFeTKHY