Posted 2/5/2024, 3:24:00 PM
Fed Signals Possible Rate Cuts Later This Year, But Not in March
- Fed Chair Powell says interest rate cuts likely coming later this year if inflation keeps falling, but March cut unlikely
- Fed trying to balance risks of cutting rates too soon or too late
- Inflation cooling but still above 2% target; Fed wants confidence it's falling sustainably
- Fed unlikely to have confidence for rate cuts by March meeting in 7 weeks
- Even with high rates, economy and job market still strong; Fed wants more evidence of sustainably lower inflation before rate cuts
