Page 3 - The Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Markets see no change in interest rates from the Fed on May 1. The question is when in 2024 rate cuts might come, but that will likely depend on incoming inflation data.

The Fed is close to delivering a rare soft landing for the U.S. economy but it faces yet another fraught challenge: reducing cash in the financial system without disrupting markets. With the Fed having already removed some $1.4 trillion as it shrinks its balance sheet to end pandemic-era support, the focus is increasingly turning to when it should stop. Last week, Fed Chair Jerome Powell said policymakers were nearing a decision to slow the pace of quantitative tightening (QT) to bring reserves "into a nice, easy landing."

Rep. Jamaal Bowman claimed at a November rally that there was no evidence of Hamas killing infants or raping Israeli women during the October 7 attacks.

February's CPI report is the last inflation print before the Fed's next policy decision on March 20.

The reading comes as market expectations dwindle for growth-friendly interest rate cuts.