Fed Considers Rate Cuts in 2024 to Prevent Overtightening and Boost Economic Growth
TL;DR Summary
A Federal Reserve official, San Francisco Fed President Mary Daly, has stated that it would be appropriate for the central bank to consider lowering interest rates in 2024 due to improved inflation this year. Daly's outlook aligns closely with the median projections of 19 Fed officials, who anticipate at least three rate cuts next year in response to a faster decline in inflation than expected.
- Fed Official Says Rate Cuts Could Be Needed Next Year to Prevent Overtightening - WSJ The Wall Street Journal
- Summary of Economic Projections, December 13, 2023 Federal Reserve
- Fed Pivots to Interest Rate Cuts in 2024 as Inflation Heads Toward 2% Goal Bloomberg
- Federal Reserve Holds Policy Steady, but Indicates More Dovish 2024 CoinDesk
- Lower inflation means lower mortgage rates for home buyers | Business The Post and Courier
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