There is a lot riding for Wall Street as the Fed meets this week.
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Japan's Nikkei 225 leads gains in Asia markets as investors await central bank meeting outcomes; China data on tapSignals from Fed Chair Jerome Powell and the other officials on future rate cuts will be in sharp focus as policymakers give updates on rates, economic growth, inflation and unemployment at their two-day meeting which wraps up on Wednesday."Hotter-than-expected inflation data to start the year argue for a hawkish-leaning message from the Fed at the March FOMC meeting.
"Our baseline remains that the first-rate cut will come in June and the Fed will deliver 100bps of reductions this year. However, risks are clearly skewed to more hawkish outcomes. The timing and pace of rate cuts could well be irregular this cycle and will likely be highly data dependent." Investors will also want to know whether the Fed will continue to pencil in three rate cuts for this year. Some economists argue there's a good chance it could be pared back to only two."You can always cut it quickly and dramatically. Their credibility is a little bit at stake here," he said."I would even wait past June and let it all sort it out."
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