From Investing.com: 2024-04-03 08:12:00

Forecasts for interest rate cuts in June are less certain after firm manufacturing survey data for March. The US manufacturing sector may be rebounding as the index rose above 50 for the first time since 2022. Despite expectations of a cut, recent economic data hints at a growth bias with GDP expanding 2.8% in Q1. Inflation remains a critical variable, as pricing pressures persist. Fed officials’ comments suggest easing may be delayed. The probability of a dovish pivot in June is decreasing, pending clarity from the upcoming payrolls report for March. Data, not words, will ultimately determine the Fed’s next move.



Read more at Investing.com: Fed Rate Cut in June? Data Throws Cold Water on Dovish Hopes