Fed 3 Rate Cuts 2024

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Fed 3 Rate Cuts 2024. Federal reserve officials on wednesday signalled support for another rate rise this year and fewer cuts in 2024 even as the us central bank held its benchmark interest rate. The fomc median forecast shows 75 basis points of rate cuts for 2024, in line with their former dot plot projections made in january and, importantly, in line with current market.


Fed 3 Rate Cuts 2024

The federal reserve still expects to slash interest rates multiple times this year even as inflation remains well above its target, sending a welcome message to investors. Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and continuing at that level in 2025 and.

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