02/01/2024
Source: Morning Brew Newsletter:
No FED Interest Rate Cuts in the near term!
"Interest rates probably won’t go down in March.
Most investors were expecting the Federal Reserve to finally start cutting interest rates at its next meeting in March, but after its latest meeting concluded yesterday, Jerome Powell splashed cold water on that idea.
Speaking during a press conference, JPow explained that he doesn’t think it’s likely that the Fed will have reached “a level of confidence” that inflation has come down enough to start slashing rates that soon.
However, he at least said cuts were likely coming sometime this year.
Here are the 2024 Fed meetings: so if no cuts in March...may not see a rate cut until May 1st!!