Fed ‘insider’ Timiraos says Fed’s outlook has not changed since December: 3 cuts in ’24

This from the Wall Street Journal’s Nick Timiraos. He’s being a big tongue-in-cheek but even so he makes an excellent point about overshoot in the market:

Timiraos is being generous to the market, there were plenty of analysts calling for 7 rate cuts in 2024.

ps. His article is here (gated)

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As an aside we’re getting the same sort of response (in the opposite direction) re the Bank of Japan now:

• Bank of Japan weighing next rate hike in July – report

July BOJ rate hike? Not. Gonna. Happen.

This article was written by Eamonn Sheridan at www.forexlive.com.