The Manila Times on Nostr: Fed holds fire, now sees just one rate cut this year ========== The US Federal ...
Fed holds fire, now sees just one rate cut this year
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The US Federal Reserve voted unanimously to keep its benchmark interest rate between 5.25 and 5.50 percent and said that "modest" progress had been made toward its long-term inflation target of 2 percent. The Fed now expects just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter.
#UsFederalReserve #InterestRate #Inflation
https://www.manilatimes.net/2024/06/14/business/top-business/fed-holds-fire-now-sees-just-one-rate-cut-this-year/1951355
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The US Federal Reserve voted unanimously to keep its benchmark interest rate between 5.25 and 5.50 percent and said that "modest" progress had been made toward its long-term inflation target of 2 percent. The Fed now expects just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter.
#UsFederalReserve #InterestRate #Inflation
https://www.manilatimes.net/2024/06/14/business/top-business/fed-holds-fire-now-sees-just-one-rate-cut-this-year/1951355