🇺🇸 Jerome Powell (head of#FederalReserve):
✔ The US economy has shown strong growth over the past year.
✔ Recent macro data indicate a lack of progress in reducing inflation.
✔ It may take longer for inflation to fall to the 2% target.
✔ If inflation remains high, the Fed will have to keep rates at their peak LONGER.
UPD: Market expectations for the#Fedrate (after J. Powell's speech) - just ONE interest rate reduction in 2024!
- May 1: Pause.
- June 12: Pause.
- July 31: Pause.
- September 18: decrease by 25 bp. up to 5.00-5.25%.
- November 7: Pause.
- December 18: Pause.
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