The upcoming Federal Reserve policy update on Wednesday will provide fresh projections on growth, inflation, and future interest-rate moves, which is crucial for investors and traders. Analysts anticipate that despite potential inflationary indicators softening, the Fed may still foresee one rate cut in the second half of 2024, but could be constrained by higher inflation data from offering further easing. Overall, the prevailing view is that we are in a higher secular inflation environment, making a return to the pre-pandemic combination of low inflation and low rates highly unlikely.
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