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DeepNewz, mobile.
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Recent remarks and statements from various Fed officials indicate that hopes for interest rate cuts by the Federal Reserve in 2024 are fading. The central bank intends to maintain high borrowing costs to address persistent inflation pressures stemming from the pandemic.
Inflationary pressures lingering from COVID-19 pandemic are keeping Fed rate cuts on pause https://t.co/MW64Pcx2LO
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. https://t.co/u5HMC52Fgt
Inflation's persistence is killing hope for a Fed rate cut in 2024. https://t.co/40Uk9CZswb
