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Fed Dot Plot Is Set to Offer Glimpse of Rate-Cut Resolve

From bnnbloomberg.ca

Investors may glean more on the Federal Reserve’s resolve to ease monetary policy when US policymakers update their forecasts for interest rates Wednesday for the first time in three months. The central bank — led by Chair Jerome Powell — is widely expected to hold borrowing costs steady for a seventh consecutive meeting, but there’s less certainly on officials’ rate projections. A 41% plurality of economists expect the Fed to signal two cuts in the closely watched “dot plot,” while an equal number expect the forecasts to show just one or no cuts at all, according to the median estimate in a Bloomberg survey. After ... (full story)

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  • Category: Fundamental Analysis