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](https://images.forexlive.com/images/fed%20dates%202024_id_198a8589-2235-4484-b06f-05c70a0bef41_original.jpg)