"Market Uncertainty: Wall Street's Rate-Cut Expectations and the Impact on the US Economy"

Federal Reserve Chair Jerome Powell's remarks have led Wall Street to doubt the possibility of interest rate cuts this year, with market pricing indicating a 71% probability of a wait until September and a real risk that cuts may not happen until March 2025. The Fed's focus on inflation and data dependency has created uncertainty, with some economists still expecting rate cuts in June or July, while others warn of a policy mistake if the central bank delays action despite achieving its mandates on full employment and inflation.