Global Market Predictions: US Fed's first rate cut likely to be in June? - Investing Abroad News | The Financial Express
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The Federal Reserve maintained its key interest rate at a 23-year high range of 5.25-5.50%, during its March 2024 FOMC meeting. Fed officials predict three cuts to federal funds rate by year-end, with participants anticipating the rate to begin cutting at its June meeting. Market experts have mixed views on the timing of the rate cut, with some expecting it to happen in June and others suggesting it will depend on the personal consumption expenditure figures for February. The Fed's dot plot projections for 2024 indicate three rate cuts, but investors should remember that dot plots are poor predictors of actual policy. The Fed's forecast for the year-end fed funds rate target is 4.6%, with a range of 4.50% to 4.75%. The Fed also raised the core PCE inflation forecast to 2.6% from 2.4% and raised the real GDP forecast to 2.1% from 1.4%. Comerica Bank expects the Fed to cut the fed funds target by three quarters of a percent over the course of 2024, most likely in quarterly cuts of a quarter percentage point each at their June, September, and December decisions.

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https://www.financialexpress.com/business/investing-abroad-us-feds-first-rate-cut-likely-to-be-in-june-global-market-gurus-reactions-3433105/