The upcoming Federal Open Market Committee (FOMC) policy meeting will be perhaps the most important powwow of the year.
The Federal Reserve is expected to raise interest rates by just 25 basis points, although Goldman Sachs is anticipating a 0% move.
But what happens after the summer could be critical for the financial markets.
Investors are penciling in rate cuts of about 100 basis points over the next 12 months.
Evidently, this would be because of the banking crisis. But it would also resuscitate inflationary pressures in 2024.
Anyway, here is a chart courtesy of Bloomberg personality Lisa Abramowicz:
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