MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
Macro Voices
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The Fed Is Saying What Their Dots Know, and They're Cutting Rates
The Fed had as its year-end target for the funds rate because they put out a dot plot. The market expects that rate to be somewhere between 4.75 and 5% around June. But in 2024, the Fed dot plot has it at 4.1. They will be cutting rates in 24 by 100 basis point. Where the market is is Jay, you're going to go to 5-ish.
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