News list for " has slowed significantly"
Inflation will slow significantly this year, allowing the Federal Reserve to keep cutting interest rates, according to former St. Louis Fed President Brad. Brad said it looks like the Fed is on track to cut rates two more times this year, by 25 basis points each. Fed officials were expecting two rate cuts in December. "I don't really see anything stopping them from doing that," he said. However, Brad said another rate cut in March appears premature. He said: "From what's going on...
Fed Chairperson Jerome Powell said inflation had slowed significantly, but remained above the 2 per cent target. Quarter 1 data "do not support" more confidence in the path of inflation, which is what the Fed needs to cut interest rates. GDP growth appears to have slowed in the first half of 2024.
