The long wait for lower US interest rates
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Interest rates in the US are expected to stay higher for longer than previously anticipated. In late 2023, financial markets predicted that the Federal Reserve would lower interest rates six or seven times in 2024, but now they are only expecting one or two cuts. Inflation reports in January and February came in higher than expected, and the labor market has remained strong. The Fed will hold rates where they are and wait for further economic developments. There is still a chance of one or two rate reductions this year, depending on the data.

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https://asiatimes.com/2024/04/the-long-wait-for-lower-us-interest-rates/