ACTV - It's A Do Or Die Moment In The Fed's Battle Against Inflation
2024-03-17 06:15:00 ET
Summary
- Inflation data has led to a repricing of monetary policy for 2024, with doubts about the number of rate cuts projected by the Fed.
- Fed Fund Futures are now forecasting fewer than three rate cuts at the end of 2024, indicating a shift in market expectations.
- The Fed may need to take away rate cuts and raise the longer-run rate to tighten financial conditions and control the inflation forecast.
The inflation data this past week certainly shocked markets , with rates moving sharply higher and indexes posting losses for the second week in a row. But more importantly, it led to a repricing of the market's view on the rate cuts the Fed is likely to deliver in 2024....
It's A Do Or Die Moment In The Fed's Battle Against Inflation