Fed projects higher inflation, just one rate cut for 2024
Source: @BreaknNews
USA TODAY - For more and to sign up click here Tobias Burns The Federal Reserve is projecting a single interest rate cut of a quarter-percent this year, down from three quarter-point cuts as predicted in March, according to the central bank’s latest summary of economic projections. The Fed's expected annual inflation rate for 2024 rose to 2.6 percent from 2.4 percent as core inflation — which removes the less…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at @BreaknNews