The Federal Reserve announced on Wednesday that it will leave interest rates unchanged, citing a gradual moderation in consumer prices. Despite the progress in inflation, the Fed signaled it would lower interest rates just once this year, down from the three cuts anticipated in its previous March projection. Chair Jerome Powell emphasized caution, indicating that the central bank remains vigilant in its fight against inflation. UBS has adjusted its forecast, now expecting the 25 bp rate cut to occur in December instead of September. Meanwhile, Goldman Sachs and Morgan Stanley continue to anticipate a September rate cut. The Fed's decision reflects a divided stance among officials regarding future monetary policy. Interest rates remain at a two-decade high, and the Fed also signaled four cuts in 2025.
Markets are currently pricing 45 bps of Fed cuts in 2024, up from 39 bps on Tuesday but down from 50bps on June 6 prior the May Payrolls report. https://t.co/BoDNuwCSti
After yesterday's lower-than-expected CPI report, the Fed signals one rate cut this year in the dot plot, while the market is pricing just under two cuts. What are your thoughts on the number of rate cuts the Federal Reserve will conduct. https://t.co/3osbd1Pqco
Goldman Sachs Reaffirms September Rate Cut Forecast, Downplays Fed's 'Hawkish Surprise' Despite the Fed's June dot plot showing one cut in 2024, Goldman Sachs still expects a September rate cut, followed by another by year end. Market participants assign a 64% probability to aโฆ https://t.co/RNf3GRpZd8
The #FederalReserve held interest rates steady. Officials said they expect to cut their benchmark #InterestRate just once this year, down from a previous forecast of three. https://t.co/KvxNDKh7wA
Fed officials dialed back expectations for rate cuts this year, though Chair Jerome Powell kept the door open for more https://t.co/Iy779iv5GM via @economics @AnsteyEco
The #FederalReserve left its key #InterestRate policy unchanged, while officials predicted one rate cut this year at the latest monetary policy meeting. https://t.co/ABF4o9L0gh
๐บ๐ธ Federal Reserve holds interest rates at two-decade high as it waits for inflation to cool https://t.co/khbg7ARxUL
The #Fed signals just one rate cut this year and four in 2025
ICYMI: Fed Projects Just One Cut This Year Despite Mild Inflation Report. โฆ@WSJโฉ https://t.co/Vpft36aVIV
Bond Market Splits From Fed Again by Betting on 2024 Rate Cuts https://t.co/7PrkeM4l69
๐ The Fed leaves interest rates unchanged and sees only one 2024 cut despite inflation progress. Listen to @hpschneider explain on the Reuters World News podcast https://t.co/JtoWeMNUcS https://t.co/845b7E6lvi
๐บ๐ธ Fed forecasts just one rate cuts this year as Powell says inflation fight not over https://t.co/AndMVpMgPG
Bond Market Splits From Fed Again by Betting on More 2024 Rate Cuts https://t.co/lOUSIMYNKx https://t.co/p73TWqTaEs
Bond Market Splits From Fed Again by Betting on 2024 Rate Cuts - BBG https://t.co/emlYjJsie9
The Federal Reserve announces it will leave interest rates unchanged. Fresh inflation data issued earlier in the day showed that consumer prices are gradually moderating though remain above the central bank's target. https://t.co/KTAKnCOBw7
Fed officials dialed back expectations for rate cuts this year, though Chair Jerome Powell kept the door open for more https://t.co/rY18aSBt5P
QCP: FED's dot plot remains ambiguous, making it challenging to predict whether officials prefer one or two rate cuts this year. However, we anticipate a rate cut in September, with the FED likely adopting a wait-and-see approach for subsequent meetings in November and December.โฆ
๐บ๐ธ Fed See Just One Rate Cut After Soft Inflation โซCentral bank holds benchmark steady as consumer prices show improvement โซ@NickTimiraos @DavidUberti #frontpagestoday #USA @WSJ ๐บ๐ธ https://t.co/FXZDIdY48X
The Federal Reserve signaled Wednesday it would lower interest rates just one time this year, down from the three cuts the central bank anticipated in its previous March projection. https://t.co/kU6WujAHQk https://t.co/0Rg8XokvGi
๐ต UBS PUSHES BACK FED RATE CUT FORECAST TO DECEMBER UBS Global Research said it now expects the Federal Reserve to start cutting interest rates in December instead of September, while Goldman Sachs and Morgan Stanley continue to expect the first cut in September. Full Storyโฆ https://t.co/b6KIqqPaBv
The Federal Reserve announced Wednesday that it will leave interest rates unchanged. Fresh inflation data issued earlier in the day showed that consumer prices are gradually moderating though remain above the central bank's target. https://t.co/6CkqrNXofX
UBS: โGiven the logic we laid out in our preview, we are changing our rate call and now only see one 25 bp rate cut as likely this year, at the December #FOMC meeting,โ โThere seems to be little information in time to change minds to put September back on the table...In ourโฆ
Fed Signals One Rate Cut This Year, But Keeps Door Open to Two https://t.co/e0jUDUp5WK via @economics @TheAmaraReport @SteveMatthews12 @catarinasaraiva @Jonnelle @boes_ @readep
The Fed just penciled in only one interest rate cut this yearโbut officials are divided on policy. https://t.co/KTKDllyNtR
Inflation is down, and so are the Fed's forecasts for the number of rate cuts this year, says @johnauthers. But the Magnificent Seven barely noticed https://t.co/mer0yQGmQw via @opinion
CNBC Daily Open: Fed signals just one rate cut https://t.co/tg9FI7FXvw
Jerome Powell signals caution as US Fed holds interest rates steadyโ๏ธ๐ Read more โคต๏ธ https://t.co/o5xK5rRHvD #USFed #Inflation #USInterestRate #JeromePowell
Jerome Powell signals caution as US Fed holds rates steadyโ๏ธ๐ Read more โคต๏ธ https://t.co/o5xK5rRHvD #USFed #Inflation #USInterestRate #JeromePowell