Analyst: Traders expect lower rate cut than Fed forecasts
Analysts said traders now expect a rate cut that is lower than the 75 basis points rate cut forecast by the Federal Reserve in 2024 in its March dot plot, according to a report by Golden Ten. Tonight's PCE data could confirm these expectations once markets reopen next week and could even drive bets closer to the central bank's forecasts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly low
Analysis: Ethereum has held its support level, Bitcoin is expected to rebound to $100,000
An Ethereum OG address deposited 18,000 $ETH worth $54.78 million to an exchange.
Trending news
MoreCrypto prices
More
