Inflation Stick around 2% Target! Fed Downgrading Rate Cut Outlook
Washington, D.C. – Federal Reserve officials are expected to adjust their outlook on interest rate cuts in light of recent economic developments. As inflation persists above the targeted 2% level, the policymakers are likely to project a reduced number of rate cuts compared to their previous estimations. The quarterly economic forecasts to be released after the latest meeting will offer insights into the Fed’s new stance on monetary policy. The Fed’s decision will be influenced …