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Traders now see little chance of an interest rate cut this year following Fed decision
CNBC· 2026-03-19 13:26
All of the positive economic talk out of this week's Federal Reserve meeting had a negative impact on investors, who have now taken expectations for even one interest rate cut this year off the table.In his post-meeting news conference, Fed Chair Jerome Powell took an upbeat view of current conditions, even with what he termed "zero" net job growth and inflation staying above the central bank's 2% target. Powell called economic growth "solid" and rejected any notion that stagflation was taking hold.Though t ...