Posted 12/18/2023, 9:42:35 PM
Fed Signals Caution on Interest Rate Cuts Despite Easing Inflation
- Fed officials walking back inferences that regulators eager to cut rates in 2024
- Fed looking for more progress on bringing inflation decisively down towards 2% target before committing to cuts
- Fed will likely start cutting before inflation hits 2%; don't want to overshoot
- Former St. Louis Fed President said would need inflation below 3% before supporting cuts
- Fed looking for continued softening in job market and economic growth as well before cutting