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 Historical Data Challenges Assumptions About Rate Cuts and Market Gains READ MORE Bitcoin Slumps to Four-Month Low Amid Selling Pressure Concerns READ MORE Crude Oil Rally Continues: Third Weekly Gain as Middle East Tensions Escalate READ MORE Rising Pay and Benefits Signal Potential Inflation Challenges for Fed READ MORE Fed’s Barr Declares End to Emergency Loan Program Amid Banking Stability READ MORE Add a Comment Cancel replyYour email address will not be published.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