Reported 3 days ago
The Federal Reserve is expected to implement one last interest rate cut in 2024 amid persistent inflation, with a shift toward a more cautious stance expected in 2025. Former Cleveland Fed president Loretta Mester suggests that while another rate cut is likely next week, the outlook for rate reductions in 2025 may be limited to two or three instead of previously expected four. Markets are banking on a 25 basis point cut as inflation remains sticky, prompting concerns about the Fed's approach amidst ongoing pricing pressures.
Source: YAHOO