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.
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U.S. Fed Indicates March Likely Too Soon For A Rate Cut