Brian Stewart.

Welcome back to Wall Street Breakfast.

Great to have you as always.

Thanks.

Great to be here.

Our director of news, lots to digest in that arena.

What has you most interested this week?

So I think we have to start with the Fed came out.

No cut to interest rates as expected.

It was probably one of the most widely expected Fed decisions in a long time.

However, the commentary pointed to weaker economic growth and stickier inflation,

which created some worry initially, but eventually people kind of took the positive side of

things as Powell started to speak. So if we just kind of look at the percentages in terms of

probabilities for the

next couple Fed meetings, there's now baked in an 85% chance of no cut in May. So basically

hold the course for the next few months. But then in June, you get to the point where there's a 73%

chance that rates will be lower by the end of that meeting, only a 27% chance of no cuts.

So the market is coming to a consensus that June is going to be the next rate cut.

And then as we look further down, there's now only a 2% chance that there won't be a cut at all this year.

A month ago, that chance was at 16.

So you see people coming to the conclusion that there's going to have to

be some rate cuts during this year, like I said, probably in June, as the Fed starts to take

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