Posted 1/27/2024, 9:00:00 PM
Fed Rate Cut Possible in March as Policymakers Assess Economic Resilience and Decelerating Inflation
- Fed policymakers may cut interest rates at the March meeting as inflation decelerates and the economy shows resilience
- Focus is on Fed Chair Powell's messaging at this week's meeting and how officials are interpreting the recent economic data
- Jobs report on Friday will give further indications on economic outlook along with other data like consumer confidence and employment costs
- Global factors like China PMI, European and Latin American central bank decisions, and IMF forecasts will also be in focus
- Oil production cuts impacted Saudi Arabia’s growth; central banks in Brazil, Colombia, Chile expected to cut rates