The only aspect of consistency in the market’s outlook for rate cuts lately has been pushing the expected date forward. Recent history falls in line with this trend and September is now seen as the earliest date for policy easing.
Continue readingDaily Archives: April 18, 2024
Macro Briefing: 18 April 2024
* Some economists now see rate cuts delayed until March 2025,
* Fed’s Beige Book reports steady economic growth but slim progress on inflation
* ‘Insatiable’ AI demand expected to lift Q2 sales for world’s biggest chipmaker
* Climate change bill may reach $38 trillion a year by 2049, study finds
* US dollar’s dominant reserve currency status likely to endure: Morgan Stanley