skilliard7 t1_je8o9rv wrote on March 30, 2023 at 5:38 AM

Reply to comment by jcodes57 in BlackRock warns that investors are making a mistake by betting on the Fed to cut rates by uslvdslv

Powell also said that inflation is transitory and that the fed wouldn't hike rates until 2023, but he broke that promise and caused SVB to fail as a result. He has said he will make decisions based on the data that comes in, but right not they're targeting maintaining rates until 2024.

If there are more signs of inflation declining and/or unemployment increasing, rates can absolutely come down