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Powell says a March rate cut isn’t likely. But don’t overlook his other comments.

Por: MarketWatch Business February 01, 2024

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“So, I wouldn’t call it…the most likely case, or what we would call the base case,” he added. “A March cut? Fuhggeddaboutdit!” wrote Derek Holt, head of capital market economist at Scotiabank, in a note to clients. Stocks closed lower and the 10-year Treasury note yield fell below 4% after Powell’s press conference. Here are some other key takeaways from the Fed chairman’s press conference:The Fed wants to see ‘the whites of 2%... + full article



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