annb0t
Top 20
Investors solidified bets on how deeply the Federal Reserve will cut interest rates this year after Fed Chair Jerome Powell said Friday the "time has come for policy to adjust."
Powell noted the timing and pace of cuts will "depend on incoming data," but markets quickly moved to fully price in four rate cuts of 0.25% by the end of 2024 on Friday morning after the Fed chair said the central bank has "ample room" to maneuver as policy enters its next phase.
"The current level of our policy rate ...
>>> Read more: Investors price in 4 rate cuts from Fed after Powell signals 'ample room' to move
Powell noted the timing and pace of cuts will "depend on incoming data," but markets quickly moved to fully price in four rate cuts of 0.25% by the end of 2024 on Friday morning after the Fed chair said the central bank has "ample room" to maneuver as policy enters its next phase.
"The current level of our policy rate ...
>>> Read more: Investors price in 4 rate cuts from Fed after Powell signals 'ample room' to move
