Powell's remarks indicate that any reductions in 2024 may come relatively late in the year, if at all.

The OMB has concluded its review of the DOL's new Retirement Security Rule, indicating that the controversial rule will be finalized sometime this spring.

The DOL's latest iteration, proposed in 2023 and soon to become final, will ensure that investment advisers prioritize clients' best interests when recommending investments.

After the metric rose 3.8% rise year-over-year: "The sound you heard there was the door slamming on a June rate cut."