Fed Cautious on Additional Rate Cuts

A Wall Street Journal report from Feb. 20, said Fed officials were “broadly comfortable with their decision to hold interest rates steady at their meeting last month and offered nothing to suggest any immediate change to their wait-and-see stance on rate cuts.” 

According to the minutes from the Jan. 28-29 policy meeting, the current high level of uncertainty made it appropriate for the committee to be careful in its approach to additional adjustments, WSJ reported. 

Last month the Fed decided to keep the benchmark federal funds rate at its current level of about 4.3% after 3 consecutive cuts starting in September when rates were around 5.3%.