Capital Market Impact

Cycle Watch | April 2024: Hot inflation should delay rate cuts

April 30, 2024
Two women sitting at a table

The Federal Reserve’s inflation fight has been in a year-long stalemate and has faded hopes for impending rate cuts. After three months of hotter-than-expected inflation reports, all bets are now on the central bank to deliver its first interest rate cut this year in September.

Disclosure Statement

  • This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should work with their financial professional to discuss their specific situation.

    Except where otherwise indicated, the views and opinions expressed are those of Nationwide as of the date noted, are subject to change at any time and may not come to pass.

    Nationwide Funds are distributed by Nationwide Fund Distributors LLC, member FINRA, Columbus, Ohio. Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio.

    Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. © 2024 Nationwide