Deutsche Bank cuts its expectation of 3*25bp rate reductions from the FOMC in 2024 to just 1, a December rate cutsee +0.3% core PCE in March see +0.3% core PCE in also in April“Recent developments – namely, upside inflation prints, solid labor market data, and easing financial conditions – have clearly diminished the case for commencing rate cutsThis will make a cut as early as June or September unlikely absent clear signs of labor market deteriorationsee only 2 cuts in 2025, both in H1Well, OK. Bring on December 18. This article was written by Eamonn Sheridan at www.forexlive.com.
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