Are Rates High Enough? Fed Resets Clock on Interest-Rate Cuts

(Bloomberg) — A string of disappointing inflation data has forced the Federal Reserve to reset the clock on its first interest-rate cut and re-evaluate the trajectory of price growth.

Chair Jerome Powell cemented that message this week when he said it’s likely going to take “longer than expected” to gain the confidence needed to lower rates, dashing hopes for more than two cuts in 2024. Some worry there may be none at all.

Source: Yahoo