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The Federal Reserve is squashing hopes for a rate cut in March. The Federal Open Market Committee met this week and left rates where they are, but the bigger message from policymakers: There are no plans yet to cut rates. \xa0 Hi I\u2019m Kathy Fettke and this is the Real Estate News for Investors. Please make sure you are subscribed, and when you have a minute, leave us a review and let us know how we\u2019re doing! \xa0 This episode is a quick update on the Fed\u2019s latest policy meeting. The committee issued a statement after the two-day meeting that eliminated wording about their willingness to keep raising rates. Instead, it said that it would now begin policy adjustment considerations. But that doesn\u2019t mean they plan on immediately lowering rates. In fact, it said: \u201cThe Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.\u201d \xa0 Fed Chief Jerome Powell also added to that sentiment during a news conference after the meeting. He said that committee members will be waiting to see how the data plays over the next month or months, and said that a March rate cut is unlikely. He added: \u201cI don\u2019t think it\u2019s likely that the committee will reach a level of confidence by the March meeting.\u201d... \xa0 ...As for when they\u2019d go down, the Fed never says yes or no so we\u2019ll just have to wait and see what happens at the next meeting. \xa0 That\u2019s it for today. If you\u2019d like to listen to my 2024 Housing Market Predictions, you\u2019ll find the webinar at newsforinvestors.com under the Learn tab. Economist Rick Sharga joined me for that webinar so you\u2019ll get a double dose of forecasting and lots of data. That\u2019s at newsforinvestors.com under the Learn tab. \xa0 And don\u2019t forget to subscribe to the podcast if you haven\u2019t done so already! \xa0 Thanks for joining me here on Real Estate News for Investors. \xa0 I\u2019m Kathy Fettke. Thanks for listening. \xa0 1 - https://www.cnbc.com/2024/01/31/fed-rate-decision-january-2023.html \xa0 2 - https://www.cnbc.com/2024/01/31/fed-chief-jerome-powell-says-a-march-rate-cut-is-not-likely.html \xa0 3 - https://www.federalreserve.gov/newsevents/pressreleases/monetary20240131a.htm