Former Federal Reserve Chair Janet Yellen believes one rate cut remains possible this year despite inflationary pressures from geopolitical tensions.

Former Federal Reserve Chair Janet Yellen believes one rate cut remains possible this year despite inflationary pressures from geopolitical tensions. The ex-Treasury Secretary's comments suggest the Fed may still have room to ease monetary policy if economic conditions warrant it. Market participants are closely watching for signals about the Fed's inflation outlook and potential policy shifts. A single rate cut would represent a significant pivot from the Fed's recent hawkish stance on maintaining higher rates to combat inflation. Investors should monitor upcoming economic data and Fed communications for clarity on the central bank's 2024 rate trajectory and its implications for equity and bond markets.