Federal Reserve Officials Expect One Rate Cut by End of 2024
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#95ceb35a ver:0.41
Federal Reserve officials expect one rate cut by the end of 2024, with RBC, Deutsche Bank, and Bank of America revising their forecasts to expect a December rate cut instead of June. Minneapolis Fed President Neel Kashkari believes a rate cut in December is a reasonable prediction, emphasizing the need for more data on inflation and the labor market. Philadelphia Fed President Patrick Harker also supports one rate cut by 2024 to bring down inflation, but the timing remains uncertain. The Fed's decision is data-dependent and could result in either two cuts or none this year. #FederalReserve #RateCut #Inflation...
#newstr #FederalReserve #InterestRates #Inflation #EconomicActivity #RateCuts
https://here.news/story/95ceb35a?ver=0.41
RBC and Fed's Kashkari Expect a December Rate Cut /
npub1qs…ww2ct
2024-06-17 18:05:17
Author Public Key
npub1qs8qtwa0xu5ud9vvzld7e6ejz5pwqwgyz5czchdca6nwsk6fm9qsnww2ctPublished at
2024-06-17 18:05:17Event JSON
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"content": "Federal Reserve Officials Expect One Rate Cut by End of 2024\n===============\t\n#95ceb35a ver:0.41\n\nFederal Reserve officials expect one rate cut by the end of 2024, with RBC, Deutsche Bank, and Bank of America revising their forecasts to expect a December rate cut instead of June. Minneapolis Fed President Neel Kashkari believes a rate cut in December is a reasonable prediction, emphasizing the need for more data on inflation and the labor market. Philadelphia Fed President Patrick Harker also supports one rate cut by 2024 to bring down inflation, but the timing remains uncertain. The Fed's decision is data-dependent and could result in either two cuts or none this year. #FederalReserve #RateCut #Inflation...\n\n#newstr #FederalReserve #InterestRates #Inflation #EconomicActivity #RateCuts \n\n https://here.news/story/95ceb35a?ver=0.41",
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