Fed Moves Toward Rate Cuts But Unlikely to Tip Hand on Timing
• Federal Reserve expected to move closer to cutting interest rates but unlikely to signal timing or pace of cuts • Fed watching economy and inflation; rates influence borrowing costs for consumers and businesses • Most expect first rate cut in May or June; Wall Street previously anticipated March cut • Economy remains healthy - strong growth, low unemployment, cooling inflation • Cracks appearing in job market; fewer workers quitting jobs could lead Fed to cut rates faster