Fed and Markets Brace for Inflation Uncertainty Ahead of 2024 Election
• Inflation and the economy are top issues for voters and markets ahead of 2024 presidential election • Fed Chair Jay Powell testifying this week, will be pressed on interest rates and inflation • Biden blames corporations for high prices, Trump pounds Biden on inflation despite strong economy • Powell expected to signal further interest rate cuts, but inflation concerns may limit Fed's ability to stimulate • Markets forecasting 3-4 rate cuts this year, down from nearly 7 weeks ago, as inflation uncertainty weighs on stocks