Federal Reserve officials continued to worry that inflation could stay stubbornly high during their policy meeting last month. That could keep interest rates at 23-year high for longer than previously expected

But

three rate cuts this year is a “reasonable baseline” expectation.

&

Investors now expect the first rate cut to come around the middle of year, according to futures.

0% rates are a thing of the past, but I could see the Fed cutting the rate in half by the time the dust settles.

via CNN