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Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors

Feds Leave Interest Rates Unchanged – Three Cuts Projected for 2024

Feds Leave Interest Rates Unchanged – Three Cuts Projected for 2024

The Fed announced it would maintain its benchmark interest rate at 5.25%-5.50% for the fifth consecutive meeting. This decision, reached on March 20 by the Federal Open Market Committee, leaves financial markets and observers looking ahead to June, where the first rate cut is highly anticipated, one of three cuts penciled in for 2024. Holding the rate constant once again underscores the Fed's cautious approach toward balancing economic growth with inflation control. Powell Highlighted Inflation Data Supports Decision to Delay Action Key inflation indicators – the Consumer Price Index and Personal Consumption Expenditure, revealed an upward trend throughout January and February. Federal Reserve Chairman Jerome Powell interprets this as additional evidence of inflation's non-linear downward path. He...

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