Reported about 10 hours ago
A prominent economist, Shelly Antoniewicz, indicates a strong agreement that the Federal Reserve is likely to implement three 25-basis-point rate cuts in 2025 due to economic signs of slowing consumer spending and a downward GDP growth forecast. Despite the resilience shown by consumers supporting GDP growth, recent data suggests a potential weakening that could necessitate these cuts, with labor market uncertainties also posing risks to this outlook.
Source: YAHOO