Reserve

FOMC

Jerome Powell

Coin

<ul class="news-points"> 
 <li>Federal Reserve signals intention to reduce interest rates three times in 2024.</li> 
 <li>The move is in response to signs of waning US inflation, which reached its highest level in 22 years.</li> 
 <li>Federal Reserve Chairman Jerome Powell emphasizes a careful approach due to “uncertainties and risks.”</li> 
</ul> 
The officials at the Federal Reserve have signaled their intention to reduce interest rates three times in 2024 during the recent two day Federal Open Market Committee (FOMC) meeting.&nbsp; This strategic move comes as US inflation, which reached its highest level in 22 years, shows signs of waning. 
The Federal Reserve’s decision to maintain current rates was expected at the FOMC meeting on December 12-13. Federal Reserve Chairman Jerome Powell, while addressing reporters, emphasized that no premature victory declarations were being made. 
Although rates were deemed “likely at or near” their peak, Powell highlighted lingering “uncertainties and risks” requiring a careful approach by the committee. 
Powell’s comments were received with optimism, as they revealed that the majority of the rate-setting open market committee members foresaw three rate reductions in 2024. 
The central…
The post <a href="https://coinedition.com/federal-reserve-anticipates-three-interest-rate-cuts-in-2024/">Breaking: Federal Reserve Anticipates Three Interest Rate Cuts in 2024</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Breaking: Federal Reserve Anticipates Three Interest Rate Cuts in 2024

Coin Edition

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