US Federal Reserve Maintains Key Rates at 23-Year High, Expects Single Rate Cut in 2024
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#36b7da54 ver:0.76

The US Federal Reserve keeps key rates at a 23-year high, with a single rate cut expected in 2024. The decision aligns with market expectations. The Fed aims to maintain borrowing costs until inflation consistently reaches its target range. The central bank also slightly raised core inflation forecasts for this year but maintained GDP growth projections. The Fed's rate hikes have lowered inflation but made borrowing costlier. The Fed expects only one rate cut this year and plans to scale back balance sheet shrinkage. Stocks hit all-time highs despite the Fed's conservative outlook. #FederalReserve #InterestRates #Inflation...

#newstr #UsFederalReserve #InterestRates #Inflation #RateCuts 

 https://here.news/story/36b7da54?ver=0.76