… more prominent commentators are calling on the Fed to go slow on cutting interest rates. Tuesday’s hotter-than-expected Consumer Price Index report added fuel to calls for caution. A consensus is forming that bringing down inflation to the Fed’s 2 percent target will be a long struggle, scrambling the central bank’s outlook on rate cuts. There’s more doubt now about a rate cut in June, even as markets continue to bet on one. “We think it’s a coin flip as to whether the Fed cuts interest rates in June or if it takes a more conservative approach and waits until September” …
Source: NYT Dealbook
