Investors face mixed signals from Wall Street — as well as a historical calendar that suggests some chop might be around the corner.
The Fed is aiming to avoid a repeat of the double inflation episode that rocked the 1970s and early 1980s.
Facing a "bumpy" path to 2% inflation, Jay Powell and the Fed don't have much in the way of historical precedent to work with. Cut cycles aren't the same as they used to be.