From Bankrate: 2024-04-29 00:33:32

Federal Reserve officials are rethinking how much they can cut interest rates in 2024 as inflation remains above 2 percent. They may delay or cancel planned cuts due to stubborn inflation. Economists are split on whether Fed will cut rates or raise them. Core inflation at 3 percent may indicate economic slowdown.



Read more at Bankrate: May Fed Meeting Preview: Are Rate Cuts Canceled Or Just Delayed?