Fed's Mouthpiece: Rate Cut Expectations Dwindle, Half of Analysts Predict Fed Will Hold Steady This Year

On May 9, 'Fed's Mouthpiece' Nick Timiraos reported that an increasing number of sell-side institutions and Fed observers are retracting or postponing their rate cut expectations, including several forecasters who adjusted their views after the April non-farm payroll data was released. Currently, half of the analysts believe there will be no rate cuts this year (given the inertia characteristic of such predictions, this group's numbers are likely to continue to grow).