Reported 1 day ago
In 2024, the Federal Reserve successfully avoided a recession by using higher interest rates to tame inflation, despite ongoing concerns about elevated prices. While unemployment increased mildly, the economy remained robust, allowing the Fed to initiate rate cuts for the first time in over four years. However, inflation still hovers above the Fed's 2% target, and the central bank has expressed cautious optimism as potential changes in policy under the incoming Trump administration could complicate their efforts to manage inflation moving forward.
Source: YAHOO