According to online reports, Paul Eitelman, chief investment strategist for North America at Russell Investments, said that due to the solid U.S. economy, the next rate cut by the Federal Reserve is unlikely to come before May or June. "We believe the U.S. economy is on a solid footing at a time when households, businesses, investors and the Fed are facing extreme policy uncertainty." Federal Reserve Chairman Powell made it clear that he would wait for more clear information before cutting interest rates again,"setting the stage for the next rate cut in May or June." Eitelman said macro fundamentals show resilience in economic growth and slowing inflation, which supports the basic scenario of two to three interest rate cuts later this year.