Fed expected to keep interest rates on hold

From The Manila Times: 2024-06-09 12:39:00

The US Federal Reserve is expected to maintain interest rates this week, but may reduce the number of planned cuts due to conflicting economic data. Analysts forecast no rate cuts until September, citing stagnant inflation and a strong job market.

Inflation remains flat as the Federal Reserve considers changes in interest rates. Job market strength prompts predictions of no rate cuts until September. Mixed economic data influences Federal Open Market Committee decisions on future rate adjustments. Interest rates to stay at current 23-year high for the time being.



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