We're just 60 minutes away from the US interest rate decision đšđșđž
Take a look at the major global banks' expectations for the US Federal Reserve's moves today
1ïžâŁ Deutsche Bank
đșđž The Fed might adjust its forecast for core personal consumption expenditures inflation for 2024 to 2.5% and could signal 75 basis points of interest cuts this year, similar to December's outlook.
đșđž If core personal consumption expenditure inflation expectations rise to 2.6%, anticipate only a 50 basis point reduction in the dots chart.
2ïžâŁ Wells Fargo
đșđž No changes expected in the US Federal Reserve's monetary policy this meeting.
đșđž The committee will likely wait until June 12 for a 25 basis point increase in the federal funds rate, followed by two 25 basis point cuts at meetings in July, September, and December.
3ïžâŁ ANZ Bank
đșđž The Federal Open Market Committee is anticipated to keep the federal funds rate steady.
đșđž Powell is unlikely to hint at the rate cut date in his speech, possibly waiting until the May meeting or later.
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