Fed seen on hold until June, with rate-cut pace in focus

A second straight month of stronger-than-expected inflation has effectively shut the door on the possibility of a Federal Reserve interest-rate cut before June, and makes back-to-back reductions after that look increasingly less likely. Gasoline and shelter prices drove the February consumer price index up 3.2 percent versus a year earlier, an acceleration from January’s 3.1
Read The Rest at :

Topics: