thomas79bonnie
@thomas79bonnie
Although market participants had anticipated a 0.25% rate cut, which ticks a box for most traders with bullish price expectations, Powell’s indication that only two more rate cuts would occur in 2025 raised eyebrows. Adding to what some traders view as a hawkish outlook, the Fed committee also raised their 2025 inflation outlook from 2.1% to 2.5%.
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