Fed Minutes Show Officials Eyeing Interest Rate Cuts in 2024 Amid Uncertain Economic Outlook
Benzinga
Benzinga
  • 4 months ago
The Fed minutes from the December 2023 FOMC meeting showed officials see interest rate cuts as likely in 2024, but the policy path remains highly uncertain and dependent on economic data. Nearly all projected three 0.25 percentage point rate cuts by the end of 2024. Inflation has shown progress in easing supply chain issues and bringing labor markets into better balance, but more work remains.
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