The U.S. chief economist at Societe Generale is not expecting Federal Reserve Chair Powell to push back too hard against expectations of 100bp or so of rate cuts in 2024 from the FOMC. "I just don't see the Fed pushing back super-hard. It will be a mild pushback" He isn't expecting a March rate cut though, saying the news on the economy would have to be "jarring" to get such a quick cut. ***The Federal Open Market Committee (FOMC) meet on December 12 - 13. The widely shared consensus view is for the Committee to hold Fed Funds at the 5.25 - 5.50% range.This will be the third consecutive meeting of 'on hold'. the last rate hike was back in July. Other expectations:Fed's policy statement will
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