["New Fed Whisperer": From "When to Cut Rates" to "Whether to Cut Rates," Focus on Three Key Signal Windows] The "New Fed Whisperer" believes that for this Federal Reserve meeting, the focus has shifted from when to cut rates to whether the Fed can still uphold its commitment to rate-cut expectations in the market. On March 17, Nick Timiraos, the journalist referred to by the market as the "New Fed Whisperer," pointed out that the ongoing escalation of tensions in the Middle East is likely to strengthen officials' consensus to keep rates unchanged. Against this backdrop, the focus of this week's meeting will be on how officials signal the policy path for the coming months. If the Federal Reserve signals through its wording or projections that the rate-cutting cycle may have ended, it will have a direct impact on rate expectations and the pricing of risk assets.