USDC - When Will Federal Reserve Cut Rates? Crypto Bettors See 52% Chance By This Date | Benzinga
Investors and analysts are closely watching the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday with the potential for the first of several rate cuts that were said to be coming in 2024.
What Happened: The Federal Reserve hinted at three rate cuts for 2024, which would follow two years that saw the federal funds rate raised by more than 10 times.
Higher than expected inflation in February may lead to a delay in cutting rates until later in 2024.
Most economists are now predicting that the Federal Reserve will keep the rates unchanged at the March meeting and most likely at the May meeting.
The key question mark is on the June FOMC meeting where financial experts are now mixed on if this will mark the first Fed rate cut in years.
Goldman Sachs economist Alec Phillips still sees rate cuts coming in 2024, but cuts the estimate from ...