US Federal Reserve Signals Three Rate Cuts, Bond Market Reflects Expectations
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The US Federal Reserve has decided to keep its interest rates unchanged in its recent policy meeting, according to a report from Philstar.com. The central bank released its new economic projections, which indicate that it expects fewer rate cuts between now and the end of 2026. While a majority of Fed policymakers anticipate three rate cuts in the remainder of 2024, they project fewer additional cuts in 2025 and 2026. Federal Reserve Chair Jerome Powell stated that the federal funds rate is likely at its peak and that rate cuts may be appropriate later this year .
The Fed's cautious approach reflects concerns about potential bumps in inflation. Powell acknowledged the uncertainty surrounding future inflation trends but emphasized that the central bank continues to make progress in bringin...
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