Fed on hold well into 2024 – JP Morgan

FXStreet Insights Team FXStreet

After two consecutive pauses, what is next for the Federal Reserve? Economists at JP Morgan analyze chances of another hike this cycle.

The Fed will remain data dependent going forward

The Fed will remain data dependent going forward, and having now paused hiking rates for two consecutive meetings this suggests they are willing to exercise patience and proceed carefully.

While a reacceleration in growth and/or inflation could prompt another rate hike either in December or early next year, short-term bumps in a downward trending economy likely keep the Fed on hold well into 2024.

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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