Posted 4/5/2024, 7:49:15 PM
Fed Officials Cautious on Rate Cuts Despite Economic Strength, Want More Certainty Inflation is Slowing
- Inflation risks remain, keeping some Fed officials wary of turning to rate cuts
- Governor Michelle Bowman said rates may need to increase further if inflation progress stalls
- Dallas Fed President Lorie Logan said it's too soon to cut rates, wants more certainty on inflation path
- Jobs report reinforced economy's strength, allowing Fed to be patient before cutting rates
- CPI report next week will be closely watched for signs of whether inflation pressures are abating
