Powell's Words Are Mightier Than the Fed's Dot Plot.

The Federal Reserve maintained its key interest rate at 5.25-5.5% for the fifth consecutive meeting, as it waits for more data to determine when to cut rates. Despite high inflation and interest rates, Fed Chair Jerome Powell stated that the central bank is not yet ready to lower borrowing costs. Wall Street predicts the first rate cut will occur in the summer. The Fed's decision to keep rates steady reflects its cautious approach amid economic uncertainty, as officials weigh the potential consequences of cutting rates too soon or too late.

March 20, 2024
33 Articles