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Why the Fed may be done cutting interest rates, once and for all
Some economists believe the rate-cutting cycle is over after Fed Chair Jerome Powell's press conference Wednesday A previous version of this story mischaracterized Jim Baird's assessment of the impact of potential Trump tariffs on Federal Reserve policy. To borrow from a famous New Yorker cartoon, when is a good time for the Fed to cut interest rates this year? March? May or June? How about never - no cuts all year? Some economists were saying Wednesday that the cutting cycle is over, while others think Chair Jerome Powell's Federal Reserve won't ease again until 2026. After their meeting Wednesday, Fed officials ... (full story)