US Federal Reserve Reconsiders Rate Cut Projections for 2024
===============	
#4b9dbae3 ver:1.19

The US Federal Reserve's plan for a 75 basis points (bps) rate cut in 2024 seems improbable unless there is a significant breakdown in the US economy, according to Arindam Mandal, Portfolio Manager at Marcellus Investment Managers. While Marcellus Investment Managers remains positive on the overall market, certain segments, particularly in the small and mid-cap space, may face increasing scrutiny regarding valuations. Mandal's comments align with the recent shift in market expectations, with traders now anticipating only two 25 bps rate cuts in 2024, compared to the initial expectation of six cuts at the beginning of the year. The decreased probability of rate cuts could dampen the demand for risk assets, including cryptocurrencies like Bitcoin, which had surged earlier in the year on the ...

#newstr #UsFederalReserve #RateCuts #MarketOutlook #CmeFedwatch #Inflation #GdpGrowth #UsDollar 

 https://here.news/story/4b9dbae3?ver=1.19