What To Expect From The May FOMC Meeting

With rate cuts in the US now a second-half story if they're still a 2024 story at all, some of the drama's gone out of the May FOMC decision. A cut at the June SEP gathering isn't on the table, which means the Committee won't be compelled to lay the groundwork this week. Instead, deliberations will revolve around officials' views on the read-through of recalcitrant inflation and an economy which continues to perform eight months into the Fed's stay at terminal. Last week's undershoot on the GD

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