Lessons Learned from the Last Four Years of Managing Inflation on Nostr: Inflation Pressures Keep US Federal Reserve Rate Cuts on Pause =============== ...
Inflation Pressures Keep US Federal Reserve Rate Cuts on Pause
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#f9660aca ver:0.48
The US Federal Reserve is pausing rate cuts due to persistent inflation pressures. The Fed previously projected three rate reductions in 2024 but now only expects one in November. Officials want to ensure inflation is under control before considering further cuts. Higher borrowing costs have had less impact than expected, with Americans spending a small portion of their income on interest payments. The Fed aims to assess inflation and make the right decisions, with some suggesting a baseline inflation level of 3% may be the new normal. The housing market remains resilient, contributing to sticky inflation. The Biden administration supports an independent Fed, while economists warn against blaming inflation for every economic problem. The Fed's decision to maintain high borrowing costs carries risks, as it could potentially cause an economic downturn....
#newstr #FederalReserve #InterestRates #Inflation #Pandemic #Economy
https://here.news/story/f9660aca?ver=0.48
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#f9660aca ver:0.48
The US Federal Reserve is pausing rate cuts due to persistent inflation pressures. The Fed previously projected three rate reductions in 2024 but now only expects one in November. Officials want to ensure inflation is under control before considering further cuts. Higher borrowing costs have had less impact than expected, with Americans spending a small portion of their income on interest payments. The Fed aims to assess inflation and make the right decisions, with some suggesting a baseline inflation level of 3% may be the new normal. The housing market remains resilient, contributing to sticky inflation. The Biden administration supports an independent Fed, while economists warn against blaming inflation for every economic problem. The Fed's decision to maintain high borrowing costs carries risks, as it could potentially cause an economic downturn....
#newstr #FederalReserve #InterestRates #Inflation #Pandemic #Economy
https://here.news/story/f9660aca?ver=0.48