When to actually expect the Fed to cut interest rates

Federal Reserve officials likely to hold interest rates steady at March meeting.

Transcript

00:00The Fed in March will probably just stand pat.

00:04They probably want to look at all the economic data quite extensively into the next several

00:10months and into the summer before they take further interest rate cuts.

00:14That's probably where they're headed, but right now they're probably uncertain as to

00:18which way to go.

00:20So they're probably going to take a wait-and-see attitude to things, and I expect them to just

00:24stand pat and issue a statement that really says next to nothing.

00:28The markets are expecting about a 40% chance of three rate cuts this year, so they've got

00:32to get going at some point, but I don't think they're ready to do that yet.

00:36I think they're going to put it off until the summer or later in the year, so I would

00:40start looking for it then.