Bond Market’s Big Rate-Cut Wager Faces a Reckoning From the Fed
- Fed officials quarterly rate projections are keenly in focus
- Chairman Powell may push back on rate cuts at press gathering
This article is for subscribers only.
The bond market’s bold bet on US interest-rate cuts is set for its biggest test yet.
After loading up on wagers that the Federal Reserve will lower rates by more than 100 basis points in 2024, investors are waiting on tenterhooks to hear Chair Jerome Powell speak Wednesday and see central-bank officials’ so-called dot-plot outlining the path of US monetary policy.