Fed officials cast more doubt on the timing of rate cuts this year

• Fed officials had further commentary on the path of rate cuts in 2024 following Powell's remarks on Tuesday. 
• The path to getting inflation back to target levels looks uncertain, central bankers said.
• The market has mostly given up on the idea of a rate cut at the Fed's June meeting. 

Federal Reserve officials heaped more doubt on the timing of rate cuts this year, echoing Chair Jerome Powell in stating that the path to 2% inflation looks uncertain.