SMM Steel Market Morning News: Central Finance Office: This year's mai

Published: Dec 18, 2023 07:31

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SMM Steel Market Morning News: Central Finance Office: This year's main expected targets are expected to be achieved; Boston Federal Reserve: Two 25 basis point rate cuts expected in 2024. On December 16, the Boston Federal Reserve stated that rate cuts are not imminent, but has instructed staff to begin formulating possible principles and thresholds to guide the process of rate cuts; it is expected that there will be two 25 basis point rate cuts in 2024, with the first expected to occur 'at some point' in the third quarter, provided that progress in inflation expectations continues; decision makers need to determine what level of inflation would necessitate a rate cut, and the data is getting close.

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