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Federal Reserve Bostic: Expect two rate cuts in the second half of 2024

Federal Reserve Bostic: Expect two rate cuts in the second half of 2024

2023/12/19 23:55

Federal Reserve's Bostic stated that he anticipates two rate cuts in the second half of 2024. The Federal Reserve cannot wait until inflation reaches 2% to cut rates, otherwise inflation will "overshoot"; this is the strategy behind the rate cuts.

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