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IVOV - U.S. Fed Indicates March Likely Too Soon For A Rate Cut
Vanguard S&P Mid-Cap 400 Value
2024-01-31 20:44:00 ET
Summary
The Federal Reserve has left monetary policy unchanged and while it removed its tightening bias, it doesn’t seem to be in a hurry to cut interest rates.
We still think May is the more likely start point for policy easing rather than March, even if the arguments for earlier moves are building.
Weak growth and disinflation trends in both Europe and Asia, plus simmering geopolitical risks had all favoured the dollar.