UBS on pushback against speculation of a March 2024 FOMC rate cut by senior Fed official ...Middle East

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UBS on pushback against speculation of a March 2024 FOMC rate cut by senior Fed official
On Friday Federal Reserve Bank of New York President John Williams provided some push back against the speculation of a March rate cut from the Federal Open Market Committee (FOMC):It's premature to be even thinking about March cutsAs head of the NY Fed Williams is vice chair of the Federal Open Market Committee (FOMC) and has a permanent vote on the Committee. So when he comments about what the FOMC might or might not do, its worth paying attention to his remarks. UBS argue similarly:Federal Reserve Chair Powell sparked an “everything” rally last week. This prompted the others on the FOMC to dampen the more extreme speculation. New York Fed President Williams ... suggested a March cut was n

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