The US Federal Reserve has decided to maintain its benchmark interest rate, but projections suggest a potential reduction of rates by approximately 75 basis points in the upcoming year. The Federal Reserve aims to balance tight monetary policy to curb inflation while safeguarding the economy. Analysts predict at least three quarter-point cuts in 2024. The decision will have an impact on financial markets, including equities, bonds, and commodities. Rising interest rates put downward pressure on bond values and can affect consumer spending and growth stocks.
Original post here: Projected US Interest Rates in 5 Years: Is the Fed Done With Hikes?
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