The Fed will cut interest rates during 2024 but there is no rush to do so immediately. Jerome Powell, speaking before the American chamber, reiterates the need to wait for further confirmation on price trends before intervening on the cost of money.
Powell wants to keep the Fed safe from political attacks and criticism, a difficult goal to achieve this year with the expected rate cut. The next Fed meeting is scheduled for March 19 and 20, while Christine Lagarde's ECB is scheduled on March 7. No news is expected from the Eurotower on the interest rate front.