FOMC Preview: 2 Or 3 Cuts In 2024, And What Does Taper Taper Look Like

With the market assigning March rate cut odds as high as 80% at the start of the year, the burst of inflation since then coupled with several ridiculous jobs report from the Biden BLS, have led to a collapse in easing odds for the Fed...

... and as a result the overwhelming consensus is for the FOMC to keep rates unchanged at 5.25-5.50% on Wednesday... and also in May.