US Fed official says 'premature' to expect rate cuts soon
![US Fed official says 'premature' to expect rate cuts soon](https://netstorage-legit.akamaized.net/images/cee7200a122ce259.jpg)
The US Federal Reserve's fight against inflation is far from over and it is "premature" to expect rate cuts around the corner, a senior US central bank official said Friday. The interventions from Fed officials this week appear to have changed market perceptions of when the US central bank will start loosening monetary policy, with futures traders now far less confident of a March rate cut.