FOMC Cuts Federal Funds Rate 50 Basis Points, Says Next Steps To Be Decided Meeting by Meeting
– Fed Officials Project 4.4% By End 2024; 3.4% End 2025; 2.9% End 2026 – Powell Says FOMC ‘In No Rush’ To ‘Recalibrate’ to ‘More Neutral’ Stance – Longer Run ‘Neutral’ Funds Rate Raised Further to 2.9% By Steven K. Beckner (MaceNews) – The Federal Reserve undertook a major shift in the direction of monetary […]