Considerable focus will be on what the Fed dots say about the assumed “neutral” policy rate that neither stimulates nor reins in the economy long term. — Reuters
US Federal Reserve’s (Fed) meeting in the week ahead has lost the heat it once had as a likely moment for the central bank’s first interest rate cut – but it could shine a big light on where the Fed thinks the economy is at over the long run.
Conditioned by verbal pushback from Fed officials all year and still-sticky inflation and punchy growth readings, futures markets currently price a near zero chance of a first cut at the March 20 gathering and now favour June or July instead.
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