QQQ - It Is The Fed's Turn To Push Back Against The Market
2024-06-10 11:21:21 ET
Summary
- The dot plot and press conference at this week's FOMC meeting are expected to deliver a hawkish message.
- Fewer rate cuts are expected, as supported by the bond market's predictions.
- The Fed may be forced to hike rates again later this year or next if inflation continues at its current pace.
While the Fed will not take action at this week's FOMC meeting, the dot plot and the press conference should deliver a hawkish message. The dot plot will likely show an upgraded outlook for the US economy and, more importantly, a higher core and headline PCE rate for the end of 2024....
It Is The Fed's Turn To Push Back Against The Market