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Confounding US economic, inflation data muddy Fed’s rate path /
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2024-05-01 17:03:50

Confounding US economic, inflation data muddy Fed’s rate path on Nostr: US Federal Reserve Maintains Interest Rates Amid Elevated Inflation and Cautious ...

US Federal Reserve Maintains Interest Rates Amid Elevated Inflation and Cautious Outlook on Rate Cuts
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#2140b79c ver:0.63

The US Federal Reserve maintains interest rates amid elevated inflation and a cautious outlook on rate cuts. Inflation remains above the Fed's 2% target, and economic growth has slowed more than expected. Fed Chair Jerome Powell acknowledges sticky inflation but emphasizes a high threshold for rate hikes. The Fed's decision reflects a focus on closing in on 2% inflation before considering rate cuts. Wall Street traders anticipate only one rate cut this year, while economists expect two or even none. The Fed's policy committee is expected to leave rates unchanged until inflation is under control. #FederalReserve #InterestRates #Inflation #EconomicGrowth...

#newstr #UsFederalReserve #InterestRates #Inflation #EconomicGrowth #RateCuts

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