Wilmington Trust chief economist Luke Tilley said Tuesday that he isn't expecting any big changes in the Federal Reserve's posture tomorrow, but that the central bank could keep laying the groundwork for rate cuts later this year.
And what they need to start pivoting towards is sort of confirming the expectation of rate cuts more and more," Tilley said.
The Wilmington Trust team expects the first rate cut from the Fed to come on May 1.
The Fed could also point to international developments like the conflict in the Middle East as a potential reason for caution on inflation, Tilley said.
I don't think that that would cause them to not cut, but they will definitely cite some of those risks," he said.
Persons:
Luke Tilley, Tilley, — Jesse Pound
Organizations:
Wilmington Trust, Fed
Locations:
Wilmington