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

Year-End Fed Rate Cut Sets Incoming Presidency Up for High Inflation

Year-End Fed Rate Cut Sets Incoming Presidency Up for High Inflation

Despite persistent inflation, the Federal Reserve cut the benchmark interest rate by a quarter point yesterday during their last meeting of the year. The rate was lowered to a range of 4.25% to 4.5%, which is good news for borrowers, but overall, the move will most likely keep consumer prices on the rise and roll high inflation over to the new administration. Dive in to gain insight into the ongoing rise in inflation and the potential for a recession.

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