"Federal Reserve's Kashkari Raises Prospect of Zero Rate Cuts Amid Murkier Path Forward"

Minneapolis Fed President Neel Kashkari raised the possibility of zero rate cuts if inflation remains stable, while Goldman Sachs' Jan Hatzius still expects three rate cuts this year and is optimistic about the U.S. economy's growth. Fed Chair Jerome Powell's comments on evaluating inflation have left the timing of potential rate cuts uncertain, with market participants closely monitoring Friday's U.S. jobs data for further clues. Traders anticipate a 94% likelihood of unchanged rates at the Fed's May meeting and a 60% probability of a cut in June.