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Atlanta Fed's Bostic Expects One Rate Cut This Year, Emphasizes Housing Affordability Amid Signs of Economic Slowdown /
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2024-06-13 09:55:12

Atlanta Fed's Bostic Expects One Rate Cut This Year, Emphasizes Housing Affordability Amid Signs of Economic Slowdown on Nostr: US Federal Reserve Holds Rates Steady, Expects Only One Rate Cut in 2024 Despite ...

US Federal Reserve Holds Rates Steady, Expects Only One Rate Cut in 2024 Despite Cooling Inflation
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#b4a637a9 ver:1.33

The US Federal Reserve keeps interest rates steady at 5.5% and expects only one rate cut in 2024 despite cooling inflation. The decision reflects a more cautious approach due to higher-than-expected inflation. The Fed projects a gradual decline in the benchmark rate, with disagreements within the committee. Economic growth projections remain unchanged, with GDP expected to grow by 2.1% in 2024. The Fed aims to balance containing inflation and maintaining economic growth. #FederalReserve #InterestRates #Inflation #EconomicGrowth...

#newstr #UsFederalReserve #InterestRates #Inflation #FederalOpenMarketCommittee #JeromePowell #Citi #NathanSheets

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