Reported about 8 hours ago
The Federal Reserve has signaled two additional rate cuts for 2025, following a recent 0.25 percentage point decrease to a range of 4.00%-4.25%. This marks the start of a new easing cycle, as officials updated their economic forecasts, predicting an increase in GDP growth to 1.6% for this year. While rates are expected to drop to 3.50%-3.75% by year-end, concerns over a weakening labor market and potential stagflation remain.
Source: YAHOO