Federal Reserve Chairman Jerome Powell's remarks have caused significant market speculation regarding the possibility of a rate cut in March. Powell indicated that a rate cut in March is unlikely, leading to a decrease in market expectations from 60% to around 30-40%. Goldman Sachs, Barclays, and BofA have all pushed back their forecasts for the first rate cut to May or June. The odds of a rate cut in March have dropped to around 20%, and Powell emphasized the Fed's cautious approach to rate cuts during a 60 Minutes interview.
Powell Says Only 3 Rate Cuts In 2024—But Market Still Doesn't Buy It https://t.co/sRZiKQPXru https://t.co/IjPBZGrfh6
That was quick: Prediction markets are now showing just 4 interest rate cuts in 2024, according to @Kalshi. Just one month ago, prediction markets were pricing-in 6 interest rate cuts in 2024. Meanwhile, odds of interest rate cuts beginning in March 2024 have gone from 90% to… https://t.co/Dcwju2dKmt
Federal Reserve Chairman Powell said that the Fed may wait until March before cutting interest rates to ensure that inflation can sustainably achieve its 2% target. It is expected to cut interest rates three times this year, and the rate of interest rate cuts may be much slower…
❖ UBS EXPECTS U.S. FEDERAL RESERVE TO CUT INTEREST RATES AT MAY VS PRIOR ESTIMATE OF MARCH
🇺🇸 UBS EXPECTS U.S. FEDERAL RESERVE TO CUT INTEREST RATES AT MAY VS PRIOR ESTIMATE OF MARCH https://t.co/Wo5gwvfBFV
🔴 UBS EXPECTS US FEDERAL RESERVE TO CUT INTEREST RATES AT MAY VS PRIOR ESTIMATE OF MARCH.
Powell tells ‘60 Minutes’ Fed is wary of cutting rates too soon https://t.co/2DqxzB6FmG via @business
❖ 'Later But Steeper' U.S. Interest Rate Cuts Expected: Goldman Sachs The U.S. Fed will start cutting interest rates in May or later, Goldman Sachs' David Mericle says in a note, changing an earlier forecast of an initial cut in March. Mericle still expects five cuts in 2024…
Jerome Powell says the Fed probably won’t cut in March https://t.co/xocxieYyvI
⚠️ JUST IN: *POWELL TELLS 60 MINUTES FED "NOT LIKELY" TO CUT RATES IN MARCH https://t.co/OV0RSqhq44
Powell Tells 60 Minutes Fed "Not Likely" To Cut In March https://t.co/Iq6e4rRdJj
Fed Chair Jerome Powell said policymakers will likely wait beyond March to cut interest rates in a 60 Minutes interview https://t.co/TdtaDwT3aH
Fed to be 'careful' with interest-rate cuts, Powell tells ’60 Minutes’ https://t.co/ru7e1MBeTu
Don’t expect the Fed to lower interest rates this March, but cuts are expected this year, says Fed Chair Powell https://t.co/NVseWVVKzr
Powell Tells ‘60 Minutes’ Fed Likely to Wait Beyond March to Cut https://t.co/wiXzGt8Xka
Don’t expect the Fed to lower interest rates this March, but cuts are expected this year, says Fed Chair Powell. https://t.co/3i0YI31QAN https://t.co/76vbfCzMfN
Fed can be 'prudent' in weighing rate cuts, Powell tells '60 Minutes' https://t.co/UQefRquYA7 https://t.co/R3va874W2j
🇺🇸 JEROME POWELL JUST SAID IT'S UNLIKELY THE FED WILL CUT RATES IN MARCH 🇺🇸 JEROME POWELL INSISTS THE FED WILL MOVE CAREFULLY ON RATE CUTS, WITH PROBABLY FEWER THAN THE MARKET EXPECTS
probability of a rate cut in march is down to 20.5% The FED is not going to cut rates, deal with it
One month ago, the odds of a March rate cut were 70%. Today the odds are 20%.
The market is now pricing in an 80% chance that Jerome Powell and the Fed DO NOT cut rates in March - CME FedWatch Tool https://t.co/f8y8eOmlPt
GOLDMAN: “.. We continue to expect the Fed to begin cutting the funds rate at the May meeting.” #FOMC #NFP 🇺🇸 https://t.co/QHsiXwqdUh
The market really doesn't like this jobs report: Base case forecasts now show 5 interest rate cuts in 2024, down from 6 prior to the report. Odds of an interest rate cut in March just dropped to a fresh low of 20%. There is also a rising ~30% chance that interest rate cuts do… https://t.co/Mqvtj4j2Ry
The odds of a Fed rate cut in March moved under 20% after the stronger-than-expected employment report. A month ago markets were pricing in a 70% probability. https://t.co/W5XylFd23e
March rate cut? Even May is now starting to look like a remote possibility. https://t.co/Z8ctsoQLTr
Fed swaps curve assign even lower odds of March rate cuts after jobs report .. And for once, note a Positive Revision of +27K for 2H 2023 👇 @operationdanish
🔴 FED SWAPS ASSIGN LOWER ODDS TO MARCH RATE CUT AFTER JOBS DATA.
You can't make this up: The Fed said that a March rate cut is "unlikely," yet futures are still pricing in a 39% chance it happens. Even as the Fed said they cannot cut rates until inflation is comfortably moving to 2%, markets still see 6 cuts in 2024. There's even a growing… https://t.co/PIFZlitxUq
Powell made it clear he is not looking to cut in March.. nobody asks him anything about regional banks... Next day market starts destroying regional banks to force Powell to cut in march. If powell cuts cuz he cares about the Fed put all of a sudden ... Pleb behaviour
Powell: Federal Reserve is on track to cut interest rates, though not likely for months Link: https://t.co/xVMFC0jnv5
Investors expecting a March cut were shocked by Fed Chair Powell saying that it's unlikely...but should they have been surprised? @jimcramer: Powell has been as transparent as anyone. There is nothing in that guy's bones that would have indicated he would have done a March move. https://t.co/Y4q3BUNpVB
❖ Barclays – pushes back first cut to May ❖ Goldman Sachs – pushes back first cut to May ❖ BofA – pushes back first cut to June
❖ Goldman Sachs – pushes back first cut to May: “We think that the best explanation for today’s meeting is that FOMC participants with a range of different views have compromised on likely starting a bit later, probably in May 8 instead of March
🔴 BOFA GLOBAL RESEARCH FORECASTS US FEDERAL RESERVE TO START CUTTING INTEREST RATES IN JUNE VS PREVIOUS ESTIMATE OF MARCH.
Fed Chief Jerome Powell says a March rate cut is not likely https://t.co/AWuJGjmdqS
GOLDMAN SACHS EXPECTS 🇺🇸 FED TO BEGIN RATE CUTS IN MAY INSTEAD OF MARCH BARCLAYS CHANGES FIRST FED RATE-CUT FORECAST TO MAY FROM MARCH
🔴 BARCLAYS CHANGES FIRST FED RATE-CUT FORECAST TO MAY FROM MARCH.
❖ BARCLAYS CHANGES FIRST FED RATE-CUT FORECAST TO MAY FROM MARCH
🇺🇸 Fed Goldman Sachs predicts that in May 2024, the Federal Reserve will initiate a cycle of interest rate cuts, with a projected total of five cuts throughout the year 👉 https://t.co/GTvcwBGDHh h/t @GoldmanSachs #Fed #fedfunds #interestrates #rates #monetarypolicy https://t.co/txfghRKfLm
Markets got a reality check when Jerome Powell made it clear the Fed is not likely to cut rates in March, says @johnauthers. It's a different story later in the year https://t.co/LMwrhuqFXG via @opinion
Markets got a reality check when Jerome Powell made it clear the Fed is not likely to cut rates in March, says @johnauthers. It's a different story later in the year https://t.co/zIs8fRqaKZ
⚠️ GOLDMAN SACHS PUSHES BACK FED RATE CUT EXPECTATION TO MAY FROM MARCH (Reuters) Goldman Sachs pushed back its expectation of the U.S. Federal Reserve starting interest rate cuts to May from March, after Chair Jerome Powell's signaled delays in cuts. The Wall Street… https://t.co/YhNnqlQH7O
🔴 GOLDMAN SACHS EXPECTS US FED TO BEGIN RATE CUTS IN MAY INSTEAD OF MARCH
#Fed Chairman Jerome #Powell said Wednesday that the Central Bank would likely not cut #interestrates in March. He wants to see more signs and confidence that #inflation is actually declining, with 2% being the end goal. https://t.co/8FhXZuZHmv #economy #ratehike #ratecut
JUST IN : GOLDMAN SACHS NOW EXPECTS THE FED TO START CUTTING RATES IN MAY BEFORE TODAY GOLDMAN SACHS EXPECTED THE FED TO START CUTTING RATES IN MARCH
Federal Reserve Chairman Jerome Powell said at a press conference that a rate cut at the next meeting in March is unlikely due to current inflation conditions. Powell mentioned that interest rate cuts may begin this year. The announcement sent stocks to the day's lows.… https://t.co/p54yFOEa42
Powell says a March rate cut is not likely. But don’t overlook his other comments. https://t.co/GjB9pUPs34
Smart analysis. "Powell's Fed, the most transparent in history which has thrown exactly 0 curve balls, explicitly said rate cuts won't happen in March. Being the savvy Wall Street firm that we are, we have proactively pushed back our forecast, which is no longer a forecast" https://t.co/CHkDarIOJu
Powell says March rate cut is not likely. But don’t overlook his other comments. https://t.co/dznWiB3GJ7
Goldman Sachs Revises Forecast For First Fed Rate Cut; Now Sees Cut In May Vs March
Goldman Sachs pushes back the forecast for the first Fed rate cut to May.
GOLDMAN: “.. Powell gave a strong signal that a March funds rate cut ‘is probably not the most likely case.’ Given this comment — as well as our expectation of solid growth in Q1 and a temporary firming in sequential inflation in January — we have pushed back our forecast of the… https://t.co/SEbIKsrZd6
Goldman - "Powell gave a strong signal that a March funds rate cut “is probably not the most likely case.” Given this comment—as well as our expectation of solid growth in Q1 —we have pushed back our forecast of the first cut from March to May"
Goldman: “We have pushed back our forecast of the first cut from March to May….We continue to expect 5 cuts in 2024 and 3 more in 2025 because we expect core PCE inflation to fall at least a couple of tenths below the FOMC’s 2.4% median projection”
LISTEN NOW: Fed Chair Jay Powell today cast doubts on the chances of a rate cut at the March meeting. Listen and follow the @CNBCOvertime podcast here: https://t.co/PhvVUfQoPP https://t.co/jCs6DGEukG
Rate cuts possible but not imminent. https://t.co/eQkbAedHN3
So are we cutting in March or not? Powell said “not likely” = market thinks 40% likely? Who’s right?
The Fed held rates and signaled its openness to easing, but Jerome Powell cautioned that a March cut is “not the most likely case” https://t.co/kAWEnrM3W2
Powell hews to Fed statement, then disappoints traders with doubts on rate cut in March https://t.co/L8EZ94GZLQ
🔴 FED SWAPS CUT ODDS OF MARCH RATE CUT TO CONTRACT LOW NEAR 30%.
By taking the March rate cut off the table, #Powell may have actually raised the probability that the #Fed will indeed serve up the first rate cut in March. That's because now that Powell has pulled the rug out from under the #StockMarket, he may be pressured to prop it back up.
Market now pricing in 37% probability of March cut vs 60% prior to Powell speaking
Jay Powell: March rate cut is unlikely Market: So you're telling me there's a chance? https://t.co/zflXJQINFr https://t.co/wzTnWC3yKd