21st March 2024
- Fed Signals Three Cuts Still Likely, Despite Inflation Uptick
Powell says Fed likely to slow asset runoff ‘fairly soon’
Officials lift forecasts for growth, core inflation in 2024
https://blinks.bloomberg.com/news/stories/SANU7ZT0G1KW
- Powell Says It’ll Soon Be Appropriate to Slow Pace of QT (2)
Tapering meant to reduce chance of stress in funding markets
Fed still allowing up to $95 billion of bonds roll off monthly
https://blinks.bloomberg.com/news/stories/SANUQ6DWRGG0
- Congress Unveils $1.2 Trillion Plan to Fund Agencies to Sept. 30
Defense funding rises more than 3%, domestic spending flat
Risk remains of brief partial government shutdown over weekend
https://blinks.bloomberg.com/news/stories/SACK8ZT0AFB4
- Traders Get ‘Goldilocks’ Outlook From Fed and Drive Up Markets
Fed forecasts show policymakers still see three cuts in 2024
Powell undeterred by inflation readings that rattled markets
https://blinks.bloomberg.com/news/stories/SAOBY7T0G1KW
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