Powell Says a March Rate Cut is Unlikely Fed Chairman Jerome Powell indicated on Wednesday that a rate cut by the Federal Reserve is unlikely by their March meeting. Powell expressed the committee’s need for more confidence in the inflation trajectory before considering a rate reduction. This statement followed the Fed’s January meeting, where they kept the benchmark interest rate unchanged. However, Powell did mention the possibility of rate cuts later in the year. Following his comments, stock markets reacted negatively, with the Dow Jones Industrial Average dropping by 300 points, as traders’ hopes for an early rate cut, potentially pre-empting a recession, were diminished. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Javier Milei's Budget Miracle: Libertarian Principles in Action! READ MORE BullionStar Financials FY 2023 – Year in Review READ MORE China's Gold Demand Rises: Central Bank Buys as Lunar New Year Approaches READ MORE SEC Chair Gensler Advocates for Accelerated Settlement in Currency Markets READ MORE Investors Shift Focus from Fed Cuts to China's Economic Challenges READ MORE Add a Comment Cancel replyYour email address will not be published.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