This week’s Federal Reserve meeting is not much about the present but potentially very much about the future.
If things go according to expectations, the Fed again will keep short-term interest rates on hold roughly from where they've been for the past year.
However, with a raft of cooperating inflation data under their belts in recent months, central bankers are widely expected to lay the groundwork for interest rate cuts to begin in September. Just how aggressive they are in spreading those breadcrumbs is the main question markets will be looking to answer.
As for this week's meeting, which concludes Wednesday, traders are assigning a very small possibility of a cut. However, there are expectations that the rate-setting Federal Open Market Committee will drop signals that as long as there are no major data hiccups, a September move is very much on the table.at his news conference, will want to keep its options at least somewhat open."They're going to want to strike a balance.
Indeed, the inflation news has gotten better though still isn't great — most metrics have the pace of price increases still running a half a percentage point or more above the Fed's target, but they have eased sharply from their mid-2022 peaks. The Fed's preferred gauge, theStill, don't expect too much enthusiasm from Fed officials.
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