Fed Projects Rate Cuts and Economic Slowdown Ahead

Reported about 4 hours ago

The Federal Reserve announced it will maintain interest rates between 4.25% and 4.5% while projecting two rate cuts in 2025. Alongside the policy announcement, the Fed raised its inflation and unemployment projections, expecting core inflation to reach 2.7% next year. Economic growth forecasts were downgraded, indicating a more cautious approach due to uncertainties in the economic outlook.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis