Fed Signals Patience on Rate Cuts Despite Rising Inflation

Fed Chair Jerome Powell says there's no rush to cut interest rates, wants to see more steady disinflation progress first
Markets shifted expectations from rate cuts coming this spring to possibly summer
Inflation data showed prices rising again in January, fueling concerns price pressures may be stalling
Some Fed officials warn against cutting rates too soon and risk re-igniting inflation with strong growth
Possibility remains of a soft landing where inflation falls meaningfully without a recession