Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job Growth The possibility of the U.S. Federal Reserve reducing interest rates in 2024 could be impacted by recent economic indicators, including robust job growth and less promising inflation data, potentially postponing rate cuts until summer. Despite inflation receding from its peak, there’s a concern that it may have plateaued around 4%, rather than continuing its descent towards the Fed’s target of 2% per annum. This development challenges earlier market expectations of an imminent rate cut, suggesting that the Fed may adopt a cautious approach to monetary policy adjustments until clearer trends emerge, underscoring the delicate balance between stimulating economic growth and controlling inflation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts CNBC’s February Inflation Breakdown READ MORE Retaliation Promised: Biden's Response to Drone Attack in Jordan READ MORE Jamie Dimon Believes U.S. Debt Is the ‘Most Predictable Crisis’ in History READ MORE Silver’s 44 Year Cup & Handle “Now, I Believe MID TO HIGH Triple Digits Are Baked in the Cake” READ MORE Gold retreats as dimming rate cut expectations overshadow safe haven demand READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment