This week will make it clearer if the Fed will cut interest rates in March
CNN
It’s about to be a busy week of economic news that will make it clear if the Federal Reserve will end up cutting interest rates in March or not.
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. A slew of economic news this week will make it much clearer if the Federal Reserve will cut interest rates in March. The Labor Department is due to release four crucial assessments of America’s job market, gauging labor demand, wage growth, productivity and hiring. And this week’s main event, the Fed’s two-day policy meeting, starting on Tuesday, should tell markets what to expect from the central bank in the spring. That’s important because markets still see a roughly 50/50 chance of a March cut, according to futures — even though Fed officials have recently argued that’s too soon to begin paring back interest rates. “After the markets identified a dovish pivot at the December meeting and central bankers went to great lengths to push this back, the upcoming meeting is a great opportunity to further manage expectations,” said Christian Scherrmann, US economist at DWS Group. Kicking the week off: The December Job Openings and Labor Turnover Survey to be released on Tuesday is a report that’s been useful in illustrating the demand and supply imbalances in the labor market, specifically through the ratio of job openings to the number of unemployed people seeking work — a figure frequently cited by Fed Chair Jerome Powell.
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