Fed’s Message on Interest Rate Cuts: Wait Just a While Longer

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economics enterprise reporter Rich Miller assesses the latest indicators from the Federal Reserve. Sign up here and follow us at @bpolitics. Email our editors here.

Federal Reserve Chair Jerome Powell is starting to sound a bit like a parent on an extended road trip. Investors eager for interest-rate cuts keep asking, “Are we there yet?” His repeated reply boils down to: “Soon, just not yet.”