Fed Wrap – Cautious Fed Expects Three Cuts in 2024

Ryan Weldon, from IFM’s Debt Investments Team in New York, features in our Fed Wrap Market Update videos discussing central bank themes in debt markets, with a particular focus on the US Federal Reserve (Fed).

In this edition, Ryan discusses the outcomes of the March Fed meeting, the key points from the press conference and what to watch ahead of the next meeting.

At the latest meeting, the Fed held rates, maintaining the upper band of their policy rate at 5.5% with no dissenting votes. The statement was largely unchanged, besides a small amendment underlining how strong jobs have been through the first few months of 2024. Additionally, the dot plot had minimal changes and still showed a median expectation of three cuts through 2024.