Following an unexpected uptick in March's CPI, investors now anticipate only two interest rate cuts in 2024. Despite this, Wall Street strategists believe stocks will continue to rise. M&T Bank's quarterly profit decreased due to lower interest income and increased rainy-day funds. Williams predicts rate cuts starting this year. The bank's higher provisions for credit losses are attributed to declines in CRE values and higher interest rates. Morgan Stanley adjusts rate cut expectations, forecasting three cuts in 2024 and four more in 2025. M&T Bank's shares climbed after meeting Q1 2024 earnings expectations and boosting its 2024 net interest income outlook.