Fed Rate Cuts Unlikely in 2024 Amid Persistent Inflation Concerns

Wall Street adjusts expectations as Federal Reserve signals a cautious approach due to ongoing inflation challenges.

Federal Reserve Chair Jerome Powell indicates rate cuts may not commence until late 2024 or even 2025, citing insufficient progress on inflation targets.
Market analysts revise rate cut forecasts, with some predicting no action until March 2025 at the earliest.
Inflation remains above the Fed's 2% target, complicating policy decisions and extending the timeline for potential rate reductions.
Equity markets show resilience despite revised expectations, with investors adjusting strategies in anticipation of a prolonged high-rate environment.
Fed remains data-dependent, with future rate decisions hinging on upcoming economic indicators and inflation trends.