March Prices Jump, Federal Reserve Poised to “Wait and See” at May FOMC Meeting
WASHINGTON, DC – The Federal Reserve’s recent cautious stance on interest rates has shifted toward a data-driven approach, as shown by Friday’s unexpected increase in March’s PCE reading. This development suggests that policymakers may adopt a “wait-and-see” stance until more economic data becomes available. Analysts at Bank of America Global Research noted that the Fed continues to face challenges in addressing inflation. They anticipate that during next week’s May FOMC meeting, the Fed will hold …