• Thu. Jun 13th, 2024

Fed Interest Rates Uncertainty: Will There Be More Than Three Rate Cuts This Year?

BySamantha Johnson

Mar 27, 2024
Investors ponder economic outlook as U.S. Treasury yields decline

As the yield of a treasury bond decreases, the price increases. One basis point equals 0.01%. Investors closely monitor the latest data and comments from Federal Reserve officials to gauge the outlook for the economy. However, there is uncertainty surrounding when and how often the Fed will cut interest rates this year. Some policymakers believe that there may be fewer than the previously forecasted three rate cuts this year.

Recent data has shown that durable goods orders rose more than expected in February, while consumer confidence has shown a decline in optimism about the economy. On Wednesday, Fed Governor Christopher Waller is expected to give remarks, and on Thursday important data such as weekly initial jobless claims, the final reading of the US GDP for the fourth quarter, and consumer sentiment insights will be released.

The most anticipated data of the week is set to be released on Friday, including personal consumption expenditures price index – which is the Fed’s preferred inflation measure – as well as personal income and spending figures. With markets closed for Good Friday, traders’ reactions to this data will have to wait until next week.

As yields decrease, prices increase. One basis point equals 0.01%. Investors closely monitor Federal Reserve officials’ latest comments to gauge their outlook for

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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