{"id":75888,"date":"2024-01-17T10:22:13","date_gmt":"2024-01-17T08:22:13","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=75888"},"modified":"2025-12-10T14:04:58","modified_gmt":"2025-12-10T12:04:58","slug":"fed-governor-waller-pushes-back-on-market-expectations-of-rapidly-cutting-interest-rates","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/es\/fed-governor-waller-pushes-back-on-market-expectations-of-rapidly-cutting-interest-rates\/","title":{"rendered":"Fed Governor Waller pushes back on market expectations of \u201crapidly\u201d cutting interest rates"},"content":{"rendered":"

Canada\u2019s Core CPI rates for December, came in as expected during yesterday\u2019s trading session. The CPI rates implied that inflationary pressures may be easing in the Canadian economy, and as such could have weighed on the Loonie. Over in Asia, China\u2019s GDP rates for Q4 of 2023, came in lower than expected on a yoy level. The lower-than-expected GDP rate may imply that the Chinese economy, may not be as resilient as was anticipated by economists. As such, the lower-than-expected GDP rate may have weighed also on the Aussie, given the close economic ties between the nations. In the US, Fed Governor Waller during his statements<\/a> yesterday stated that \u201cThe data we have received the last few months is allowing the Committee to consider cutting the policy rate in 2024\u201d, which could validate the market\u2019s expectations of rate cuts by the Fed this year. Yet the Governor warned that the \u201cchanges in the path of policy to be carefully calibrated and not rushed\u201d, as he sees \u201cno reason to move as quickly or cut as rapidly as in the past\u201d, a statement which we tend to agree with. As such the relatively hawkish remarks, may push back on the market expectations of 6 rate cuts this year, which could have provided support for the dollar. The UK\u2019s CPI rates for December came in higher than expected, implying persistent inflationary pressures in the UK economy. Moreover, the CPI rates not only came in higher than expected but appeared to accelerate as well, which could pressure the BoE to adopt a more hawkish rhetoric, thus potentially aiding the pound.<\/p>\n\n\n\n

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