Reported 8 months ago
Boston Fed president Susan Collins indicated that one or two interest rate cuts are still possible later this year, depending on economic indicators and inflation trends. She emphasized the need for patience and data-driven decisions in light of volatile inflation readings. The latest Federal Reserve outlook for interest rate policy in 2024 now points to just one cut, a shift from the three cuts projected earlier. Several other Fed officials have also offered cautious remarks on the timing of potential rate cuts.
Source: YAHOO