Bloomberg Intelligence
Instant Reaction: The Fed Decides
Jun 12, 2024
Bloomberg analysts Tom Keene, Jonathan Ferro, and Lisa Abramowicz discuss the Federal Reserve's latest policy decision, covering topics like interest rate cuts, inflation, economic growth, differing opinions within the Fed committee, and the challenges of achieving a soft landing in investments.
28:22
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Quick takeaways
- Federal Reserve projects fewer rate cuts for 2024, revealing a lack of consensus among officials.
- Projections indicate higher PCE inflation rates, emphasizing Fed's focus on inflation for policy decisions.
Deep dives
Fed Rate Cut Projections and Policymaker Divisions
Federal Reserve policymakers' projections show changes in expected rate cuts for this year and beyond. The median projection decreased to two cuts for 2024, with a wider range of views among officials. The decision reflects divisions, with eight officials foreseeing two cuts, seven expecting only one, and four voting for no change, indicating a lack of consensus on monetary policy for the rest of the year.
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