Fed Official Hints at Possible Rate Cut in June

The Cleveland Fed president sparked new speculation by suggesting “clear and convincing” data could lead to rate changes as soon as June. Investor wagers on a near-term rate cut jumped after the remarks. Economic signals remain mixed: inflation cooled slightly, yet concerns over slowing growth and ongoing tariff-related uncertainties linger. Many market watchers now expect the Fed to stay on hold in May while analyzing two more rounds of inflation data before deciding in June.