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Fed Rate Cut Delay May Extend to Q4 Amid Stagflation Concerns, ING Suggests
Fed Rate Cut Delay May Extend to Q4 Amid Stagflation Concerns, ING Suggests
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The Federal Reserve’s much-anticipated rate cut could be delayed until the fourth quarter as policymakers grapple with rising stagflation risks. ING analysts note Chairman Jerome Powell’s cautious tone during Wednesday’s FOMC meeting, where rates were held steady at 4.25%-4.5%.
Market expectations for a June cut evaporated as Powell highlighted increased economic uncertainty. "The risks of higher unemployment and higher inflation have risen," the Fed chair warned, signaling potential extended pause. This hawkish tilt creates headwinds for risk assets, though ING suggests eventual cuts may be aggressive when they come.
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