Fed ChairJerome Powell indicated on Wednesday that the Fed is likely to cut rates at some point this year, although he acknowledged that the outlook is uncertain and that decisions will be made on a meeting-by-meeting basis. During the March meeting, the Federal Reserve opted to maintain interest rates, aligning with previous indications of three anticipated rate reductions in 2024, consistent with projections from December 2023. Participants revised their growth projections upwards, forecasting a median growth rate of 2.1% for the current year, compared to the previous estimate of 1.4%, and a…
