New Overnight Developments Abroad - Daily Update
Fading Hopes That Fed Will Consider a Rate Cut By March
January 29, 2024
Investors are concluding that Wednesday’s Fed Chairman Powell press conference will not signal that a rate cut might be considered as soon as the following FOMC meeting set for March. U.S. GDP growth last quarter surpassed expectations, and the labor market is still too tight. Although the core PCE price deflator put inflation below 3.0%, […] More
