Daily Archives: April 3, 2024

New Questions Emerge On Prospects For A June Rate Cut

Forecasts that the Federal Reserve will start cutting interest rates in June took another hit after Monday’s relatively firm manufacturing-survey data for March. Markets are still pricing in moderate odds that easing will start at the end of the second quarter, but the incoming data is providing more support for again pushing the date for a dovish policy pivot further down the road.

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Macro Briefing: 3 April 2024

* Taiwan hit by strongest earthquake in 25 years
* Fed officials still expect rate cuts, but not anytime soon
* Global manufacturing growth strengthens in March via PMI survey
* China manufacturing growth posts strongest pace in 13 months: PMI survey
* Eurozone inflation unexpectedly cools to 2.4% in March
* Tesla’s sales fall, a sign that’s its share of EV market is slipping
* US factory orders rebound sharply in February after two monthly declines
* US job openings edge higher, staying in relatively elevated terrain:

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