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Us Fed Rate Cut 2024

Us Fed Rate Cut 2024. Federal reserve cuts rates by 50 basis points. Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and continuing at that level in 2025 and 2026.


Us Fed Rate Cut 2024

Here’s a look at what could happen to the economy in terms of the labor market, inflation and the likelihood of a recession now that the fed has lowered its sky. The federal reserve lowered its key interest rate by a hefty half percentage point wednesday, moving ahead with its first rate cut in four years and cheering.

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