Fed officials dial back rate forecasts, signal just one ’24 cut
Federal funds rate remains in 5.25% to 5.5% range
Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation. . Officials voted unanimously to keep the benchmark federal funds rate in a range of 5.25% to 5.5% — a two-decade high first reached in […]
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