Timiraos on FOMC - rate cuts postponed "for the foreseeable future", Powell the main event ...Middle East

Nick Timiraos' piece was in Tuesday morning's Wall Street Journal, so this is not fresh news. And its not going to surprise anyone either.In brief:Fed officials will hold their benchmark federal-funds rate steadyFirmer-than-anticipated inflation in the first three months of the year has likely postponed rate cuts for the foreseeable future. officials are likely to emphasize that they are prepared to hold rates steady ... for longer than they previously anticipated With no new economic projections at this meeting and minimal changes expected to the Fed’s policy statement, Fed Chair Jerome Powell’s press conference will be the main event At the press conference:Powell is likely to repeat a me

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Timiraos on FOMC - rate cuts postponed "for the foreseeable future", Powell the main event ...Middle East

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