Takeaways from the Fed Policy Meeting

The speaker reflects on the recent Fed policy meeting and highlights that the base case remains for the Fed to cut rates by 100 basis points this year, with the first cut likely in May. The statement from the meeting removed the tightening bias, opening the door for possible rate cuts. However, the Fed wants to see more confidence in inflation data before moving forward. The Fed is comfortable with strong growth as long as inflation continues to slow. Wage growth deceleration is important, and the Fed wants more inflation data before cutting rates.