From Fortune:

Federal Reserve Chairman Jerome Powell stated that three interest rate cuts are expected this year, including one as early as May. He also says the economy is in a “good place” and there’s “every reason” to believe it will get better. Inflation substantially fell in the second half of 2023. Some Fed officials have expressed caution regarding rate cuts.



Read more: Fed chair Powell says the Federal Reserve remains on track to cut interest rates 3 times this year