"The Great Disinflation: Markets Anticipate 2024 Rate Cuts by Federal Reserve"
TL;DR Summary
The market is anticipating more rate cuts by the Federal Reserve next year, as the Q3 GDP report revealed a surprise drop in core PCE to 2.0%. This figure aligns with the Fed's target and comes ahead of the upcoming PCE report. The market is currently pricing in 160 basis points in rate cuts for 2024, surpassing the 75 bps projected by the Federal Reserve's dot plot.
- The market continues to price in more Federal Reserve rate cuts next year ForexLive
- Fed Rate Cuts Pit Economists Versus Markets on Timing, Depth Bloomberg
- How to Invest in 2024 As Central Banks Cut Rates: Bank of America Business Insider
- Fed rate cuts to remain in view for 2024, even as rate-setters shift Reuters
- Goldman Sachs' chief economist says 'The Great Disinflation' is under way—and he expects 3 back-to-back interest rate cuts by summer Fortune
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