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Fed Dials Back Rate Forecasts, Signals Just One Cut in 2024
News June 12, 2024 at 02:23 PM
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What You Need To Know
- Fed officials now see four cuts in 2025, more than the three previously outlined.
- The change nods to recent data showing inflation ebbed in April and May.
- Officials also raised their projections for where interest rates will settle in the longer term.
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