Elevated Inflation Data Expected To Delay Interest Rate Cuts
Posted on AllSides April 13th, 2024
From The Center
Lack of improving inflation data from Q1 2024 is expected to delay a potential first interest rate cut from the Federal Open Market Committee until at least July and perhaps later. Monthly Consumer Price Index data for January, February and March signaled that the path to achieving the FOMC’s 2% annual inflation goal is not going to be straightforward. That’s because headline CPI has increased on an annual basis since January 2024 according to the two most recent releases. Disinflation remains, once food and energy prices are stripped out, but...
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