Here’s why some investors are so optimistic about rate cuts

News Snapshot:

Wall Street is clearly antsy for the Federal Reserve to begin cutting interest rates. Some think that could happen as soon as March. But Fed officials aren’t as optimistic, penciling in only three rate cuts this year, which is about half what the market is currently pricing. So why is there such a disconnect? Here’s the bearish case for rate cuts: Central bank officials have staked out a modest stance on cutting rates, likely later than some investors hope, saying there is still much uncertainty over whether inflation will continue to drift toward their 2% target. That’s why they’re leaving...