The Latest Economic Data May Postpone Rate Cut Expectations

The Latest Economic Data May Postpone Rate Cut Expectations
Federal Reserve Chairman Jerome Powell holds a press conference at the end of Monetary Policy Committee meeting in Washington on Dec. 13, 2023. Brendan Smialowski/AFP via Getty Images
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Commentary

As the Federal Open Market Committee (FOMC) met last week for the first time in 2024, they weighed all the economic data and decided to make it clear they would most likely not cut interest rates in March.

Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
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