Powell Says a March Rate Cut is Unlikely Fed Chairman Jerome Powell indicated on Wednesday that a rate cut by the Federal Reserve is unlikely by their March meeting. Powell expressed the committee’s need for more confidence in the inflation trajectory before considering a rate reduction. This statement followed the Fed’s January meeting, where they kept the benchmark interest rate unchanged. However, Powell did mention the possibility of rate cuts later in the year. Following his comments, stock markets reacted negatively, with the Dow Jones Industrial Average dropping by 300 points, as traders’ hopes for an early rate cut, potentially pre-empting a recession, were diminished. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation seems stubborn, but people keep spending. What’s going on? READ MORE Silver Seen as 'Screaming Buy' with Prices Expected to Soar – InvestingHaven READ MORE Analyst who correctly predicted gold’s rally updates target READ MORE Gold hits fresh record as rate cut hopes build after data shows inflation ease READ MORE Best Places to Hide Gold and Silver at Home READ MORE Add a Comment Cancel replyYour email address will not be published.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
