Investors Remain Upbeat Despite Hawkish Fed Officials Wall Street continues to ride on the rate-cut rally that has seen it close out seven consecutive winning weeks. Market participants remain hopeful that there will be multiple rate cuts in 2024 starting in March, even as they keep a cautious watch on crucial data coming in this week. It's about how long do we need monetary policy to remain restrictive in order to be assured that inflation is on that sustainable and timely path back to 2%," Mester told the FT in an interview.