"Federal Reserve Official Signals Caution on Rate Cuts Despite Inflation Progress"

Federal Reserve official Christopher Waller expressed confidence that inflation will decrease to the Fed's 2% target level, signaling potential rate cuts by mid-year, though he cautioned against rushing the decision. Wall Street investors had anticipated a rate cut in March, but Waller's remarks tempered expectations. The Fed's focus has shifted to balancing inflation control with maintaining high employment, suggesting that rate cuts could be swift if economic indicators falter.