Reported 11 months ago
Federal Reserve officials are meeting amid diminishing expectations for rate cuts in 2024, as May's strong jobs report challenged the idea of lower interest rates this year and raised concerns about inflation. Executives and traders are now expressing doubts that the Fed might cut rates at all, leading to a shift in market sentiment. Some investors fear a potential economic slowdown while panicking over the Fed not reducing rates despite positive economic indicators. Small-business owners are now preparing for rate hikes, and market indicators are suggesting a reduced likelihood of multiple rate cuts by the end of the year.
Source: YAHOO