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In December, the Federal Reserve held interest rates steady, sticking to its goal range of 5.25% to 5.5%. However, traders’ focus shifted to the policymakers’ projected three rate cuts in 2024. Based on the central bankers’ rate expectations, the Fed’s dot plot predicts four additional rate cuts in 2025 and three in 2026.

Powell says Fed will stay the course on quantitative tightening | American  Banker

The fact that the Federal Reserve did not temper market expectations for reductions in 2019, according to Brad Conger, deputy chief investment officer at Hirtle Callaghan & Co., will make the Committee’s legacy unfavorable.

According to Chair Jerome Powell, the Federal Reserve is prepared to lower interest rates even if the US economy does not enter a recession in 2024.

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