Eurizon Weekly 25 Mar. 2024. The much-anticipated FOMC meeting was last week’s main event. The US central bank Fed kept rates unchanged for the fifth consecutive meeting, and raised both its growth and inflation forecasts. During the meeting, the Fed reasserted its intention to implement three rate cuts in 2024, thus confirming the announcement made in December and removing concerns of a potential reduction to two moves: the message was swiftly priced in by the stock markets, that performed well in the week. Bonds also performed well, on the shorter end of the curve in particular.
Stefano Cucchi, of Eurizon’s Macro Research & Product Specialist team, takes a closer look.
Audio recorded on 25 Mar. 2024.