WSJTimiraos says Fed forecasts imply 6-month annualized rate of core PCE inflation at 3.2%

  • Fed insider Timiraos with the forecast from the Federal Reserve that'll put cuts on hold even more!

Via twitter comes the news from Nick Timiraos:

fed pce forecast 21 May 2024 2

Its getting to the stage where expectations for zero rate cuts in 2024 will become the new norm.

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