IEI - Expectations For June Rate Cut Continue To Fade
2024-03-19 13:10:00 ET
Summary
- Last week's sticky inflation news raises doubts about a June cut in interest rates by the Federal Reserve.
- Using Fed funds futures as a proxy for market sentiment indicates a roughly 60% probability that the central bank cuts at its June 12 meeting.
- Looking to the July FOMC meeting, the probability for a rate cut rises 77%, but a growing number of analysts are skeptical about the timing.
Analysts are debating if last week's sticky inflation news is the death knell for a June cut in interest rates by the Federal Reserve. This much is clear: The recent run of news isn't encouraging for anticipating that a dovish turn for monetary policy is imminent....
Expectations For June Rate Cut Continue To Fade