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 Gold’s Behaviour Points to Sustained Strong Demand READ MORE ZeroHedge: There's An Odd Chill In The Air – Dallas Fed Respondents Warn Of "Pending Doom" READ MORE India's Bold Move: Reducing Bullion Import Taxes to Revitalize Market READ MORE Gold Gains 0.7% with Market Eyes on Key U.S. Inflation Report READ MORE S&P 500 Recovers from Monday's Meltdown, Ending Week on a High Note READ MORE Add a Comment Cancel replyYour email address will not be published.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