Fed's Bowman: I don't see rate cuts as warranted this year

Joshua Gibson FXStreet

Federal Reserve (Fed) Board of Governors member Michelle W. Bowman noted that she is skeptical about the chances of a rate cut in 2024 while speaking at the Texas Bankers Association Annual Convention in Arlington, Texas.

Key highlights

I don't see rate cuts as warranted this year.

If we saw unexpected shocks, that would be a case for a rate cut.

I want to see a number of months of better inflation data.

It's probably a number of meetings before I'm ready to cut.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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