According to Odaily, the US interest rate swap market has maintained stability following the release of the Personal Consumption Expenditures (PCE) data. It is anticipated that the Federal Reserve will implement at least one rate cut in 2024.
The PCE data is a measure of price changes in consumer goods and services. It is a key indicator that the Federal Reserve uses to assess inflation. The stability of the interest rate swap market following the release of this data indicates that the market participants have absorbed the information without significant disruption.
Looking ahead to 2024, market participants are expecting at least one rate cut by the Federal Reserve. This expectation is based on the current economic indicators and market conditions. However, the exact timing and magnitude of the rate cut will depend on the evolving economic conditions and the Federal Reserve's assessment of these conditions.
In conclusion, the US interest rate swap market has shown resilience in the face of new economic data. The market is now looking ahead to 2024, with expectations of at least one rate cut by the Federal Reserve.