What Fed’s Rate-Cut Delay Means for US and the World
The US Federal Reserve and its vast global audience thought 2024 would be a rate-cut bonanza. But with price inflation proving much stickier than almost anyone predicted, those expectations are fading fast. Fed Chair Jerome Powell confirmed as much on April 16, when he signaled that policymakers would wait longer than previously anticipated to cut rates following a series of surprisingly high inflation readings.
The US Federal Reserve and its vast global audience thought 2024 would be a rate-cut bonanza. But with price inflation proving much stickier than almost anyone predicted, those expectations are fading fast. Fed Chair Jerome Powell confirmed as much on April 16, when he signaled that policymakers would wait longer than previously anticipated to cut rates following a series of surprisingly high inflation readings.
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