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What are the most important things that markets are anticipating from US Federal Reserve Chairman Jerome Powell’s speech today?
- Expectations that the Federal Reserve will stabilize interest rates in the range of 5.25-5.50% at the March meeting
- Confirming the possibility that there will be 3 interest cuts during 2024 and 4 in 2025.
- Pointing out that the first rate cut may occur in June 2024 instead of March
- Issuing a quarterly update of the US economy, including gross domestic product, inflation, and unemployment rate
- Focus on how recent high inflation data affects interest rates