April 10, 2024
NeuGroup Members on 3 Fed Rate Cuts in 2024: Fuhgeddaboudit!
In a late March poll, Capital Markets members expected one, two or no cuts—a view increasingly held by the market. On the same day in late March that the Federal Reserve signaled it still expected to cut interest rates three times this year, almost none of the members of NeuGroup for Capital Markets polled at their spring meeting sponsored by HSBC believed that would happen. Call them prescient, perhaps: the poll came weeks before March jobs data and Wednesday’s hot inflation report pushed more investors and economists…