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Powell: Not confident rates would lower in March
Powell: Not confident rates would lower in March 💡Summary: • The FOMC Left Rates Unchanged Wednesday • Fed President Jerome Powell said the Show More
Powell: Not confident rates would lower in March
💡Summary:
• The FOMC Left Rates Unchanged Wednesday
• Fed President Jerome Powell said the committee was not actively considering rate cuts, and that he doubted they would have the confidence to lower rates in March.
"We will be looking at this meeting by meeting. Based on the meeting today, I would tell you that I don't think it is likely that the Committee will reach a level of confidence by the time of the March meeting to identify March at as the time to do that, but that is to be seen," Powell said.

The news comes during a heavy earnings and macro data week.
The news comes during a heavy earnings and macro data week. The Market Initially raised after the FOMC decision, butt collapsed when Powell uttered the "M" word.

🎙️Discussion:
1. When do you feel the FOMC will lower rates?
2. Do you believe the market can handle high rates much longer?
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