Posted 4/4/2024, 9:41:00 PM
Fed Official Questions 2024 Rate Cuts, Citing High Inflation and Strong Jobs Market
- Fed official raises possibility of no rate cuts in 2024, deflating Wall Street expectations
- Inflation remaining stubbornly high at 3%, picking up speed in February
- Jobs report and inflation data in March will garner more attention after no-cut idea floated
- Majority of economists still forecast a rate cut in June 2024 meeting
- Additional rate hikes not off the table but unlikely, says hawkish Fed official
