Posted 3/4/2024, 6:42:27 PM
Inflation Remains High, Casting Doubt on Expected Fed Rate Cuts
- Doubts creep in about potential Fed rate cuts in 2024 after stubborn January inflation
- Traders expect at least one rate cut by end of 2023, but some Fed officials less certain
- Persistently high inflation cutting into margins for major consumer product companies
- Kraft Heinz, PepsiCo, McDonald's citing inflation pressures affecting business
- Inflation still above Fed 2% target, though declining from 2022 highs