I think there will still be ra

I think there will still be rate cuts this year. CPI aside, there must be pressure from POTUS to ensure the market doesn't crash, which denying rate cuts would surely do. Powell has "promised" to stay above politics but I'm not sure who is buying the snake oil.

CPI 3.5%! Expect 2 or 3 Rate Cuts in 2024?

March headline CPI is 3.5%, higher than estimates of 3.4% and also the highest since September 2023. Core CPI is 3.8%, higher than estimates of 3.7%. Goldman Sachs expects only two rate cuts this year, with the first in July and the second in November. ------------- How do you expect rate cut in 2024? Will S&P start to pullback after hot inflation data? What's your target?

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