Central Banks
Fed Rate-Cut Debate Shifts From When Toward If on Inflation Data
- Fed faces new question: Will there be rate cuts this year?
- Policymakers cautious of inflation path after price figures
Shoppers wait in line outside a store at a mall on in Columbus, Ohio.
Photographer: Matthew Hatcher/BloombergThis article is for subscribers only.
The debate for the Federal Reserve is beginning to shift from how many times to cut interest rates this year to whether to cut them at all in 2024.
With policymakers widely expected to hold rates steady at a more than two-decade high at the conclusion of their meeting Wednesday, so much of the focus will be on any pivot in the tone of the post-meeting statement and Chair Jerome Powell’s press conference.