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Fed Officials Dial Back Rate Forecasts, Signal Just One '24 Cut
Bloomberg Businessweek
Market Analysis and Federal Reserve's Stance on Rate Cuts
8min Snip
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Discussion on market reaction to Federal Reserve's decision, CPI data, and forecast on interest rate cuts, including relief in bond market from better-than-expected CPI numbers, surprise in rate market with only one rate cut forecasted, and shift towards more hawkish stance by Fed Chairman. Mention of uncertainty among traders on timing and extent of rate cuts, skepticism towards Fed's projections, no rate cut decision now but signal for future cuts due to cooling CPI, anticipation of equity rally with rate cuts, and focus on AI trades and investment opportunities in AI technology sectors.
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