The U.S. Federal Reserve is expected to hold rates steady at its next meeting s conclusion on May 1. Upcoming inflation figures may reveal more than the Fed s statements.
Progress on disinflation has largely stalled in early 2024, after steady improvements since mid 2022. Shelter prices may be the key to getting inflation back on track.
Markets see no change in interest rates from the Fed on May 1. The question is when in 2024 rate cuts might come, but that will likely depend on incoming inflation data.
On April 10, the CPI figures for March will be released. The Fed is looking for cooling inflation figures to potentially support 2024 interest rate cuts.