JP Morgan on the Federal Open Market Committee (FOMC) statement and Powell's presser on Wedensday, analysts at the bank are still confident June will be the first rate cut:

  • We are sticking with our call for a first cut in June

But there's a but!

  • But after Powell’s remarks it’s not hard to see a configuration of employment and inflation data that gets the Committee cutting by May

The dates to watch:

fed dates 2024