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    The market might be very disappointed by the Fed again this year – Nordea

    Source Fxstreet
    January 25, 2024 15:39

    Recent commentary by the Fed and continued strong data means we might have to wait much longer for US rates to go lower, analysts at Nordea say.

    Markets are starting to realize that the upcoming rate cuts will not look like a normal cycle

    The market is dialing back the pricing of rate cuts backed by continued strong data and commentary by the Fed. 

    For the central bank to cut in March, we would need to see low inflation prints for January and February, which does not seem unlikely, but the risk is the Fed will wait and in the meantime, inflation will start to move higher again on increases freight rates and renewed wage pressure. In the latter case, we might not see rate cuts this year at all.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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    Source  Fxstreet
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    Source  Fxstreet
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    Source  Fxstreet
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