Powell's Pivot Sows Confusion Over When and How Fast Fed Will Cut.

Federal Reserve Chair Jerome Powell's recent comments about inflation have caused confusion among investors about when and how quickly the Fed might cut interest rates. After projecting at least three rate cuts next year, Fed officials were surprised that investors expected even faster and deeper cuts. Powell's remarks about declining inflation and not leaving rates too high for too long sparked a market rally and speculation of a March rate cut. However, some Fed officials have pushed back against this speculation, leading to uncertainty about the future of interest rates. [Extracted from the article]