The market again has adjusted its view on rate cuts, with as few as two now expected

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Inflation News

S&P 500 Index,Markets,Economy

Markets this week will get two key signals on how soon and to what extent the Fed will cut interest rates.

Markets this week will get two key signals on how soon and to what extent the Federal Reserve will cut interest rates. The result could well be a test of investors' patience as indications mount that what was expected to be an aggressively easing central bank this year instead will be one where caution prevails.

" Inflation pressures persist Other indicators, though, could push the Fed toward a more defensive approach. Average hourly earnings rose another 0.3% in March and were up 4.1% from a year ago, still well above the pace that the Fed considers consistent with its 2% inflation goal, according to the Labor Department. While there are differing views over the cause-effect dynamics of wages and inflation, the elevated levels still being seen are another deterrent to action.

 

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