Fed Expectations has hopes for a June rate cut dashed by the hot CPI report
Fed Expectations has hopes for a June rate cut dashed by the hot CPI report: Tom Essaye Quoted in Blockworks
Cryptos slip as Powell doubles-down on delaying rate cuts
“Fed Expectations has hopes for a June rate cut dashed by the hot CPI report and now the market must deal with the possibility of just two — or even fewer — rate cuts in 2024,” Tom Essaye, founder of Sevens Report Research, said. “Remember the market started the year expecting seven cuts.”
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