The Federal Open Market Committee (FOMC) median forecast indicates a projection of 75 basis points (bps) of rate cuts in 2024, bringing the rate to 4.6%. The FOMC also notes that inflation has 'eased' over the past year but remains elevated. Additionally, the 2024 Personal Consumption Expenditures (PCE) and core PCE forecasts have declined to 2.4%. This announcement follows Goldman's anticipation of a fall in trimmed inflation and an update on core PCE prices after tomorrow's Producer Price Index (PPI) data.
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4% https://t.co/6YYMY46iqN
#FOMC MEDIAN FORECAST SHOWS 75 BPS OF RATE CUTS IN 2024 TO 4.6%
🔴 FOMC MEDIAN FORECAST SHOWS 75 BPS OF RATE CUTS IN 2024 TO 4.6%.
2/ FOMC median forecast shows 75 bps of cuts in 2024 to 4.6%
⚠️BREAKING: *FOMC MEDIAN FORECAST SHOWS 75 BPS OF RATE CUTS IN 2024 TO 4.6% https://t.co/TDzy1QL8OV
🔴 FOMC MEDIAN FORECAST SHOWS RATES AT 3.6% IN 2025, 2.9% IN 2026.
*FOMC MEDIAN FORECAST SHOWS 75 BPS OF RATE CUTS IN 2024 TO 4.6% HOLY GFCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK
FOMC Median Forecast Shows 75 Bps of Rate Cuts in 2024 to 4.6% the long nightmare is over
*FOMC MEDIAN FORECAST SHOWS 75 BPS OF RATE CUTS IN 2024 TO 4.6%
BREAKING: *FOMC MEDIAN FORECAST SHOWS 75 BPS OF RATE CUTS IN 2024 TO 4.6% *FED SAYS INFLATION 'EASED' OVER PAST YEAR BUT REMAINS ELEVATED *FOMC MEDIAN 2024 PCE, CORE PCE FORECASTS DECLINE TO 2.4% https://t.co/sdnEUfSXIS
*FOMC MEDIAN FORECAST SHOWS 75 BPS OF RATE CUTS IN 2024 TO 4.6%
GOLDMAN, on #CPI: “.. the trend in trimmed inflation continued to fall, and we tentatively expect core #PCE prices rose just 0.14% in November. We will update our estimate after tomorrow’s PPI data.” https://t.co/Y8lanH2pXH