March Jobs Report Forecasts Show Still-Strong but Slowing Hiring Gains
Fed still seen cutting rates in June.
Source: morningstar.com
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Fed still seen cutting rates in June.
Stubbornly high shelter costs lift CPI, even as other parts of the outlook improve.
US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months.
Powell has signaled that the Fed is waiting for clearer signs on the outlook for inflation before cutting rates.
In the first Federal Reserve meeting of the year, the central bank paused rates for the fourth time in a row Wednesday. More than half a year since the last