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Revising our 2024 inflation outlook: Moving back to a 2% target

Revising our 2024 inflation outlook: Moving back to a 2% target

We expect the Fed to begin cutting rates in June, and that the central bank will reduce its policy rate four times this year, by 25 basis points each.
Fed signals end of rate hikes and projects cuts in 2024

Fed signals end of rate hikes and projects cuts in 2024

The Federal Reserve signaled at its recent meeting that it is done raising its policy rate and is poised to reduce it by 75 basis points next year to support the expanding economy.