Fed rates are going nowhere fast on inflation signals

Markets now even doubt we’ll see two rate cuts this year – the median of Fed policymakers’ forecasts published just last month. — Reuters

INCOMING US inflation signals are offering the Federal Reserve (Fed) little or no justification to resume interest rate cuts, and it’s hard to see that changing before September.

Following an unscheduled visit to the Fed last week, President Donald Trump said he thinks the Fed may be ready to lower rates again.