Experts predict Fed will hold off on rate hikes amidst banking turmoil and investor anticipation.

Moody's Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting due to the recent bank failures causing uncertainty. The US economy is still fighting high inflation, but it is moderating and moving in the right direction. Zandi believes the US banking system is in a pretty good spot, but the Fed should still pause its rate hikes to gauge how much conditions have tightened and what the impact is on the broader economy and ultimately inflation.