Federal Reserve plans three rate cut this year; lending rate remains unchanged for 5th time

Federal Reserve officials plan to reduce key interest rates three times in 2024 despite higher inflation. Forecasts suggest continued growth, inflation, and job market strength. Rate cuts could lower borrowing costs and support Biden's re-election prospects. Fed's cautious approach aims to balance economic growth and inflation concerns.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AZludWi
via