Market Views: How many US rate cuts will we see in 2024?

Investors are anticipating a policy shift from the Federal Reserve after Chair Jerome Powell signalled on August 23 that interest rate cuts may begin soon. "The time has come for policy to adjust," Powell said in a highly anticipated speech to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming. "The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks." With its poli…