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The Federal Reserve, as expected, kept interest rates unchanged, signaling three quarter-point rate cuts in 2024. Despite a recent uptick in inflation, the Fed maintained its outlook for three cuts this year but forecast fewer cuts in 2025.
America’s Federal Reserve has opted to maintain its outlook for three interest-rate cuts in 2024, though it lowered its projection for 2025 to three cuts from four. An important gap in inflation measures sheds light on the central bank’s rationale: https://t.co/aphXGMOutn 👇
🔊 The Fed still expects three rate cuts in 2024. Find out the latest Reuters World News podcast https://t.co/Wsv9aMx1vD https://t.co/q0kmAyqahX
Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed surprisingly high at the start of the year https://t.co/1zabYyIZWA