The “DOT PLOT”, which predicts three interest rate decreases in 2024, remains intact despite Fed Chairman Powell’s news conference being somewhat more hawkish than his statements in December. This is seen by market players as dovish.
He stated, “Inflation data haven’t really changed the story,” during a press conference. He noted that although there are bumps in the path, inflation is gradually declining.
Interestingly, of the seventeen, ten believe it will be below 4.5%, nine expect two cuts or over 4.75%, and one believes it will be below 4.5%.
I would like to add that by the end of the year, I am expecting 2 interest rate cuts of 50 basis points (25bp each).
There’s no denying that this is an upgraded forecast. It........