Financial Times on Nostr: nostr:note1xm3syv5z4c9t5ad655f8rfh3y5p27uajdx2cpnkalvpmm9mdcsxqnrr7fj

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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...

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