Federal Reserve policymakers have signaled they won't cut U.S. interest rates just yet; economists think they will wait until June, given ongoing strength in household spending and uncertainty over the economic outlook, and market bets now point to the April 30-May 1 policy meeting. But U.S. central bankers, who have kept the Fed's benchmark overnight interest rate in the 5.25%-5.50% range since last July, have already begun the pivot to easier policy. The turn in communications may be yet more evident in the policy statement due to be issued next Wednesday after the end of the Fed's first policy meeting of 2024 and in Fed Chair Jerome Powell's post-meeting press conference, analysts said.
Five signs the Fed s pivot is underway before even a single rate cut By Reuters
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Five signs the Fed s pivot is underway before even a single rate cut
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