April 25, 2024 10:27 GMT
Fed Rates Almost Unchanged Overnight
STIR
- Cumulative cuts from 5.33% effective: 1bp May, 5bp Jun, 12.5bp Jul, 25bp Sep, 43bp Dec.
- Today’s data focus is on the GDP/PCE Q1 advance plus weekly jobless claims, with continuing claims covering the payrolls reference period, both at 0830ET.
- With increased focus on supply side strength, the inflation data within the GDP report will be even more important in guiding the market reaction.
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