Reserve

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 <p>The <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a>eral Reserve today put a halt to raising interest rates. From March 2022 to 2023, the <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a> raised interest rates in 10 consecutive meetings. According to new projections by the <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a> though, not only does it see improvement for the economy, it’s confident that the US will completely avoid a recession. </p> 
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    <p lang="en" dir="ltr">JUST IN: 🇺🇸 <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a>eral Reserve says they don't see a recession until at least 2027.</p>— Watcher.Guru (@WatcherGuru) September 20, 2023 
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 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a>eral Reserve Pauses Interest Rate Hikes</strong></p> 
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 <p><a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a> policymakers expect the economy to grow 2.1% this year. This is more than twice as fast as what they projected in June 2023. In addition, they expect the national unemployment rate to remain at 3.8%, compared to a previously projected rise to 4.1%. In a statement, the <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a> says they “see no recession until at least 2027 and a very smooth landing.”</p> 
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  <p>“The U.S. banking system is sound and resilient”</p> <cite>FOMC Statement</cite> 
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 <p>While this may sound like good news for the near future, there are still precautions that should be taken, and the US shouldn’t jump for joy just yet. Surging oil prices and the auto worker strike can still affect the economy and cause a temporary boost in inflation. In addition, there is still a looming threat of a government shutdown, which can halt economic growth.</p> 
 <p><strong>Also Read: BRICS: Russia and China Oil Sales Up 26% Without US Dollar</strong></p> 
 <p>Despite the decision to halt rates this month, the <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a> is still split on future interest rate hikes. 12 members project one more will be called, while the other seven say that the central bank will be able to hold where it is. However, interest rates are safe for the next month.</p> 
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<div class="cs-entry__tags"> 
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  <li>Fed</li> 
  <li>Federal reserve</li> 
  <li>U.S. recession</li> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/us-fed-says-it-s-confident-the-us-can-avoid-a-recession-tbt63445.html">https://thebittimes.com/us-fed-says-it-s-confident-the-us-can-avoid-a-recession-tbt63445.html</a></p>

US FED Says it's Confident the US can Avoid a Recession

TheBitTimes

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