On Mar 20, after the FOMC meeting, the Fed kept the benchmark lending rate constant in the range of 5.25-5.5%. The range of the Fed fund rate has been steady since July 2023. Its current level marks the highest in 23 years. Since the beginning of 2024, market participants have been busy predicting when the central bank will cut interest rate first time.Recently, a large section of financial researchers and economists were worried about the rate cut as the inflation rate remains sticky supported by a resilie ...