Capital Market Impact

Cycle Watch | March 2024: Strong economic data delay rate cuts

April 03, 2024
Two men speaking at a table in a café.

Inflation’s stubborn trend, hovering above the Fed’s 2% target, casts doubt on anticipated rate cuts. Investors and economists once eyed a softer economy this year, prompting rate reductions. With inflation’s grip firm, some predict the Fed might skip cuts altogether, risking recession if high rates overstay.


  • 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