FED may do first interest rate cut in March-2024 as Dec-2023 inflation growth YoY was 2.9%

FED may do first interest rate cut in March-2024 as Dec-2023 inflation growth YoY was 2.9% which is very lower when compared with inflation growth numbers projected in past 12 months.

Actually FED target was to get inflation below 2%.

Anyways factors like oil and gas prices does not depend upon US alone are they are global commodities and global factors.

So might be first rate cut they may do in Mar-2024 but they may give 3 to 4 months between first rate cut and second rate cut.