21 March 2024
The Fed said that they project the Fed Funds Rate to decline to 4.6% next year, thus the forecast of 3x rate cuts remains the same as the initial projection in December. For 2025 and 2026, the Fed sees fewer rate cuts, to 3.9% next year and 3.1% in 2026, higher than the initial forecasts of 3.6% and 2.9% respectively.
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20 March 2024
Investors await the Federal Reserve's decision later today (around 01.00 AM on Thursday). Considering the latest US Inflation rate is still above the Fed's 2% target, the latest US economic projections suggest that there may not be as many as 3x Fed rate cuts as previously thought.
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19 March 2024
Sovereign bond yields moved up ahead of a number of central bank meetings this week, one of which may end the era of negative interest rates in Japan, and the other sets the path for US interest rates this year.
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18 March 2024
The dollar rose and was on track for its strongest week since mid-January, as U.S. inflation data has led to new hopes for interest rate cuts. Data on Friday showed U.S. import prices increased marginally in February as a surge in the cost of petroleum products was partially offset by modest gains elsewhere, suggesting a heating up inflation picture.
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15 March 2024
US PPI data turned out to be hotter than expected as gasoline and food costs increased, making investors rethink that the Federal Reserve may wait even longer to cut interest rates. Inflation at the US producer level rose 1.6% yoy in Feb (above expectations of 1.1% and the previous month's 1%) and 0.6% on a monthly basis, double the last reading of 0.3% in Jan.
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