The US interest rate swap market has demonstrated remarkable stability following the release of the Personal Consumption Expenditures (PCE) data, a key indicator of inflation. Market participants have absorbed the information without significant disruption, indicating a high level of confidence in the market's ability to adapt to changing economic conditions.

The PCE data, which measures price changes in consumer goods and services, is a crucial metric for the Federal Reserve in assessing inflation. The anticipation of at least one rate cut in 2024 is based on current economic indicators and market conditions, with the exact timing and magnitude of the rate cut dependent on the evolving economic conditions and the Federal Reserve's assessment of these conditions.

The stability of the interest rate swap market is a testament to the market's resilience and ability to absorb new information without significant disruption. Market participants are now looking ahead to 2024, with expectations of at least one rate cut by the Federal Reserve. This anticipation is driven by the current economic indicators and market conditions, which suggest a need for monetary policy support to maintain economic growth and stability.

In conclusion, the US interest rate swap market has shown remarkable stability following the release of the PCE data, indicating a high level of confidence in the market's ability to adapt to changing economic conditions. The anticipation of at least one rate cut in 2024 is based on current economic indicators and market conditions, with the exact timing and magnitude of the rate cut dependent on the evolving economic conditions and the Federal Reserve's assessment of these conditions.