From Dow Jones & Company:

Federal Reserve Chairman Jerome Powell highlights the economy’s strength, signaling the Fed will “carefully” consider when to cut interest rates. The central bank is “actively considering” a rate cut and likely won’t wait until inflation reaches the 2% target. While a March rate cut is “not the most likely or base case,” Powell emphasized there’s overwhelming support for cuts. With the strong job report, traders predict a 70% chance of the first rate cut in May and forecast five rate cuts this year. The Fed will carefully choose the right time to reduce the restrictive policy stance.



Read more: Powell tells ’60 Minutes’ the economy’s strength allows Fed to be careful about rate cuts