May 18, 2024
Finance

3 rate cuts in 2024 are ‘in line with my thinking’: Fed’s Goolsbee

Chicago Fed President Austan Goolsbee said Monday that three rate cuts in 2024 are “in line with my thinking,” and that the fundamental story about falling inflation has not changed despite hotter-than-expected readings in January and February. “It seems hard for me to view that the seven months previous to the start of this year

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Finance

Federal Reserve holds interest rates steady, maintains forecast for 3 rate cuts in 2024

The Federal Reserve on Wednesday held interest rates steady and made no changes to its forecast that it will be necessary to cut rates three times in 2024. The central bank’s benchmark interest rate remained in a range of 5.25%-5.50% at the conclusion of its latest policy meeting on Wednesday, the highest since 2001. While

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