Overview

• Recent data has shifted expectations for Fed rate cuts, with some analysts now anticipating no cuts in 2024.
• Inflation continues to challenge the Fed's target, prompting a more cautious stance on monetary policy.
• Powell's recent statements suggest a higher-for-longer approach to interest rates to combat persistent inflation.
• Markets react to Fed's cautious tone, adjusting forecasts for future rate cuts.
• Fed's next moves are highly anticipated as inflation data will guide decisions on monetary policy adjustments.