JP Morgan on the Federal Open Market Committee (FOMC) statement and Powell’s presser on Wedensday, analysts at the bank are still confident June will be the first rate cut:
- We are sticking with our call for a first cut in June
But there’s a but!
- But after Powell’s remarks it’s not hard to see a configuration of employment and inflation data that gets the Committee cutting by May
The dates to watch:
This article was written by Eamonn Sheridan at www.forexlive.com. Source