S&P comments and outlook:
- U.S. real GDP growth of 2.4% in 2024
- Inflation will
likely cool further in coming months, despite the uneven
disinflationary process so far - We have not changed
our 2024 outlook for monetary policy - Believe the Federal
Reserve will cut its policy rate by 25 basis points at its June
meeting, with cuts totalling 75 basis points by year-end - U.S. economic
expansion exceeded our expectations throughout the second half of
2023 - Beyond favourable
year-end base effects, economic activity in the first quarter of 2024
has been running warmer than we anticipated
Earlier from the Fed:
This article was written by Eamonn Sheridan at www.forexlive.com. Source