Fed Holds Rates Smartly-liked, Forecasts Series of Cuts in 2024

Fed Holds Rates Smartly-liked, Forecasts Series of Cuts in 2024

Fed officials made up our minds unanimously to travel the target fluctuate for the benchmark federal funds payment at 5.25% to 5.5%, the very top since 2001. Policymakers request to lower rates by 75 basis facets next 365 days, a sharper tempo of cuts than indicated in September’s projections. Mike McKee reports.

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