Will the Fed cut interest rates? The answer is crystal clear now. Don’t expect any rate cuts in 2026; we’ll be lucky if they don’t hike rates again. Ignore all the market speculations, the hard data speaks for itself. America’s April CPI hit a 3-year high of 3.8% year-on-year, with a 0.6% month-on-month rise, and core inflation stood at 2.8%, all exceeding forecasts. With inflation still running hot, how could the Fed slash rates? That would only make things worse and undo all its past efforts to curb inflation.