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  • Latest news on interest rate changes this year

    Saturday, April 13, 2024   /   by Amy Brown

    Latest news on interest rate changes this year

    Market Adjusts Expectations: Two Rate Cuts Expected This Year

    The Federal Reserve has signaled a readiness to reduce interest rates, with the timing dependent on economic indicators. However, recent inflation data suggests that any rate cuts in May or June are unlikely, as inflation has surpassed expectations for the second consecutive month, with Consumer Price Index (CPI) rising by 0.4% month over month. This follows last week's robust employment figures. Consequently, bond yields have climbed, with 10-year yields increasing by 15 basis points this week. Market sentiment has adjusted accordingly, now anticipating two rate cuts this year, down from three, with the first expected in September.

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