I doubt there's any rate cuts

I doubt there's any rate cuts till after US election on 5 Nov unless the next FOMC meetings shows CPI is improving below 3.5% and Core inflation below 3.8%! May 1, June 12, July 31 and Sept 18 may be flat. Best scenario not to raise or cut to buy time for a bigger phenomenon to happen later. 6 Nov has all the reason to cut rate and depending on how much too to see what's to come after 🙏

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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