The Fed: March FOMC - Part 1
Discussion
The part 1 Nick Timiraos FOMC preview gets right to the point: At this week’s FOMC meeting FED officials will be debating “whether” to cut rates in 2024. That’s a change.
Because it’s an election year the Fed is going to slow-walk the market back to the realization more rate hikes are coming, likely starting at the December FOMC meeting. What Timiraos ends his inside pieces on is always key - how he closed part 1 tells us where the median FOMC member is headed in due time: no cuts in 2024.