Fed Rate Cuts 2024. Inflation, particularly the personal consumption expenditures. Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and.
That outcome is predicated on the fed starting to ease soon and over time reducing the policy rate closer to 3 per cent, said priya misra of jpmorgan asset. The federal reserve said wednesday it would pause its aggressive rate hike campaign one more time, and signaled rate cuts are ahead in 2024.
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