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Institution: 2024 may be one of the worst periods predicted by the Federal Reserve.
On December 19th, Jin Shi Data News, Marvin Loh, Senior Macro Strategist at Dow Fu Global Finance, stated that the uncertainty brought by the FOMC is the main reason for the significant rebound in PCE risk in the risk balance. With the interference introduced by the new government, this risk may only get worse. 2024 will be one of the worst forecast periods for the Fed. Remember when the Fed thought they would cut interest rates in March this year, but now they are raising the terminal intrerest rate to the range of 3%. Hopefully, they will do better in their main work in 2025.