US M2 contraction (Dec'22-Mar'23) helped offset previous excesses. Core PCE inflation to stay below 2.6%YoY in H2CY24 (belying FOMC's latest projections), allowing for two rate cuts in CY24.
What is covered in the Full Insight:
Projection of FOMC rate cuts in 2024
May'24 inflation results
Likely moderation of US Core PCE MoM changes in May'24
FOMC's Jun'24 summary of economic projections
US monetary policy's countervailing response to rapid M2 growth
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.