Reported 1 day ago
Investors anticipate a quarter-point interest rate cut by the U.S. Federal Reserve at its upcoming Dec. 17-18 meeting, with focus also on updated economic projections for 2025 and 2026. Despite stickier inflation and geopolitical risks, the labor market remains strong, prompting the Fed to tread cautiously on further rate cuts. Indicators like slowing housing cost increases and resilient consumer spending suggest a careful balance is needed to avoid overheating the economy.
Source: YAHOO