Fed keeps rates steady as it notes lack of further progress on inflation
- Futures contracts predict a 25 basis point rate cut by year's end, far different from the 175 points expected at the year's start, with Fed projecting rates to reach 4.6% by end of 2024
- The Federal Open Market Committee chose to slow bond holdings reduction, seen as a minor monetary policy easing
Insights by Ground AI
Does this summary seem wrong?
0 Articles
0 Articles
All
Left
Center
Right
Coverage Details
Total News Sources0
Leaning Left38Leaning Right25Center45Last Updated14 days agoBias Distribution42% Center