FOREXLIVEThe Fed whittled down to 1 cut in 2024 with the latest dot-plot.
The caveat is the Fed members pre-submitted their dot-plot projections and although they had an opportunity to change those projections, many chose to keep them unchanged despite the better-than-expected CPI data today.
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While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of
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Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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