Research Brief: Inflation – March 2024
Inflation trends cloud Fed’s path. Still-elevated inflation is leading Wall Street participants to delay expectations for the Federal Reserve to start cutting interest rates this year — shifting from spring to summer. Alongside strong hiring in the opening months of 2024, February’s higher headline CPI reading contributed to the Federal Open Market Committee’s decision to hold the federal funds rate at a 5.25 percent lower bound in March. Fortunately, core CPI, which strips out the more… Read More