Marketmind: For markets, a Fed delay means more in May
As the dust settles on another Federal Reserve meeting, markets have lengthened the odds on a first rate cut in March only to double down on an easing in May. It was a typically volatile reaction as the Fed statement dropped a tightening bias, as expected, but inserted a warning that cuts would not be "appropriate" until there was more confidence that inflation is heading back down to 2%. In his news conference, Fed Chair Jerome Powell chose to be unusually specific in saying that a cut as early as March was unlikely.
Source: yahoo.com
