Federal Reserve Faces Challenges in Controlling Inflation and Interest Rates Amid Uncertainties
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#f9660aca ver:0.32

The Federal Reserve is facing challenges in controlling inflation and interest rates amid uncertainties. Recent spikes in inflation and the persistence of elevated inflation have led to a shift in the Fed's stance. While they previously projected three rate reductions in 2024, they now only expect one rate cut in November. The Fed aims to ensure that inflation is brought under control before considering further rate cuts. Higher borrowing costs in the US aren't having as much of an impact as expected, with Americans not spending much more of their incomes on interest payments despite rate increases. The housing market remains resilient, contributing to the sticky inflation problem. Central banks in Europe are also signaling potential rate cuts, but concerns about sticky inflation and higher oil prices may limit their ability to do so. #FederalReserve #inflation #interestrates...

#newstr #FederalReserve #InterestRates #Inflation #EconomicUncertainties 

 https://here.news/story/f9660aca?ver=0.32