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Chair Jerome Powell will enter this week's Federal Reserve meeting in a more desirable position than expected: Inflation is getting close to the target rate, the economy is still growing at a healthy pace, consumers keep spending and unemployment is near a half-century low.
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Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.
Most economists expect the first rate cut to occur in May or June
Most economists say they expect the first rate cut to occur in May or June, though a cut at the Fed's March meeting is not off the table.