Afternoon trading March 11, page-116

dont know how anyone could listen to Powell's latest testimony and think that rates would be cut any time soon

Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet - The New York Times (nytimes.com)
Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, the Federal Reserve chair, told lawmakers that rate cuts in 2024 were still likely and that hot-button bank rules could be reissued.

jerome H. Powell, the chair of the Federal Reserve, said on Wednesday that he thought the central bank would begin to lower borrowing costs in 2024 but that policymakers still needed to gain “greater confidence” that inflation was conquered before making a move.