Overview

• Recent economic data has cast doubt on the widely anticipated US interest rate cuts, with markets now expecting less easing than previously forecast.
• Fed Chair Jerome Powell has signaled that the central bank is awaiting clearer signs of lower inflation before considering rate reductions.
• Stock markets have shown resilience amidst rate cut uncertainties, with the S&P 500 hitting new highs and investors focusing on upcoming economic reports.
• Experts remain divided on the Fed's rate cut timeline, with some predicting no cuts in 2024 due to persistent inflation concerns.
• Global markets have reacted positively, with Asian and European markets gaining, despite ongoing speculation about the Fed's monetary policy direction.