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🔥The suspense is high! The Federal Reserve is about to change leadership. Is a rate cut storm coming in June?
The Federal Reserve is about to undergo a power transition! A Reuters survey shows that Powell may "hold his ground" until May, while the new chairman Waller might initiate a rate cut as soon as June! The market is holding its breath, and a policy shift is imminent.
But the suspense remains: Is Waller a "hawk" or a "dove"? Early statements leaned towards tightening, but recently he has frequently released signals of easing, especially optimistic about AI enhancing productivity which could suppress inflation. Over 70% of economists are worried: the independence of the Federal Reserve is being eroded, and the policy could be overly loose!
Despite the economic growth forecast being raised to 2.0%-2.4%, unemployment is stable, and inflation remains stubbornly high, the basis for a rate cut is not sufficient. Bank of America warns: "Fiscal expansion + rate cuts" could lead to overheating of the policy. Can Waller convince the "hawkish" faction within the Federal Reserve? The nomination hearing will be crucial!
With a rate cut imminent, or is a storm approaching? The suspense is not over, and the market is already restless!
#Non-farm unexpectedly strong
