This past week, Fidelity® wrote about the likelihood of Fed rate cuts in 2024, despite higherthan expected inflation reports in January and February. We made a similar case to clients inlast quarter’s market update and felt the idea was worth repeating. The Federal Reserve closely monitors a wide range of economic conditions whendetermining its monetary policy. While inflation, labor conditions, and wage growth receivesignificant attention, there’s an often overlooked factor: real interest rates (or real yields). FedChair Jerome Powell has…