Fed Expected to Stand Pat on Rates This Week, But Cuts Could Come Later to Aid Economy

• The Fed is expected to keep interest rates steady at its meeting this week, while providing guidance on potential future rate cuts.

• Inflation cooled in February but remains above the Fed's 2% target, which is why rate cuts aren't expected until at least June.

• Economists forecast the Fed cutting rates up to 3 times in 2024, to spur economic growth.

• High interest rates are hitting consumers through elevated borrowing costs for loans and credit cards.

• Savers are benefiting from high yields on savings accounts and CDs resulting from the Fed's rate hikes.