Economists are divided on whether the Fed will signal interest rate cuts in 2024 at its June policy meeting based on recent higher inflation figures. Most analysts expect the first rate cut to occur in September, just before the November presidential election, though the Fed insists its decisions are based solely on economic data. Inflation remains above the Fed's 2% target, and progress toward that goal is expected to be slow in the second half of 2024. A plurality of economists surveyed expect the "dot plot" forecast to show two rate cuts this year. In contrast, others see one cut or none depending on upcoming inflation and economic data.
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00:00 It's Benzinga and here's what's on the block.
00:02 Economists are divided on whether the Fed will signal interest rate cuts in 2024 at
00:07 its June policy meeting following recent higher inflation figures. Most analysts expect the first
00:13 rate cut to occur in September just before the November presidential election, though the Fed
00:18 insists its decisions are based solely on economic data. Inflation remains above the Fed's 2% target
00:24 and progress toward that goal is expected to be slow in the second half of 2024. A plurality of
00:30 economists surveyed expect the dot plot forecast to show two rate cuts this year while others see
00:35 one cut or none depending on upcoming inflation and economic data. For all things money visit
00:40 Benzinga.com
00:41 [BLANK_AUDIO]