The Fed Plays Waiting Game on Rate Cuts

Wall Street Journal: “For investors, the big question hanging over this week’s meeting of the Federal Reserve is whether it will wait a little longer to cut interest rates because of recent, firm inflation readings.”

“The Fed, though, has a different preoccupation: If it waits too long, will it inadvertently cause a recession? Officials won’t put recession risk front and center this week. Yet that risk is likely to drive its thinking over the remainder of the year, leaving it on track to cut rates at some point.”