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Fedspectations
Thank you to the 346 respondents in yesterday’s Fed survey. Here are the results, with a bit of commentary. First, expectations for the dot plot are centered on two cuts in the dot plot with 23.4% of respondents looking for a move to just one cut. Three cuts and zero cuts got some votes, which is mildly surprising. chart The second question asked for views on how many rate cuts will actually come through from the Fed this year. The distribution is a bit flatter, with two cuts still the most-loved scenario, but one and three cuts seen as possible too. chart The third question is obviously correlated to that last ... (full story)