Broker Check

Inflation and the Fed

| March 20, 2024

Last week, the Federal Reserve announced no change to interest rates and threw water on any hopes for a rate cut at its next meeting in May. This more-tempered outlook for interest rates stands in contrast to market expectations in late 2023. In November of last year, after nearly two years of sharply rising interest rates, Fed officials first spoke of rate cuts. In celebration, markets rallied in what became known as the “pivot party.” So why the newfound caution? Find out in this week’s Markets in a Minute.

Read more in this week’s Markets in a Minute.