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After higher-than-expected inflation data released earlier this month, markets have delayed expectations of a Fed rate cut.
According to the Reuters poll, 64 of the 104 economists believe that the Fed will cut interest rates by no more than 100 basis points in 2024, 43 believe that the rate cut will not be higher than 75 basis points, 86 believe that the Fed will cut rates in the second quarter, 53 believe that it will cut rates in June, and 33 believe that it will be in May.