Reported 3 days ago
The Federal Reserve has cut its benchmark lending rate for the third consecutive meeting, reducing it by 25 basis points to between 4.25% and 4.5%. However, they revised their 2025 rate cut projections downwards due to persistent inflation risks, now forecasting two cuts with an end-of-year Federal Funds Rate of 3.9%. Despite recent solid economic data, including robust retail sales and job growth, inflation expectations have risen, prompting a cautious outlook as the Fed remains vigilant on economic developments.
Source: YAHOO