Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate As the Federal Reserve kicked off 2024 nearly achieving its inflation target, officials remain hesitant to lower interest rates due to the persistent risk of inflation exceeding their 2% goal. Recent inflation data, particularly concerning consumer prices excluding food and energy, rose unexpectedly in January, suggesting businesses, especially within the services sector, still possess significant pricing power. This development has dampened hopes for an imminent easing of monetary policy. The Fed’s cautious stance is further reinforced by various uncertainties, including the robustness of the economy and geopolitical tensions, which have influenced their decision to adopt a more deliberate approach towards adjusting interest rate policies. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts African Nations Turn to Precious Metal to Combat Inflation READ MORE Major Milestone for Crypto Markets — SEC Greenlights Bitcoin ETF READ MORE Over 80,000 Global Enthusiasts Flock to Hong Kong's Twin Jewellery Shows READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for Banks READ MORE U.S. Economic Growth Hits 3.2% in Q4, Marking Six Quarters of Sustained Expansion READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment