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Federal Reserve Meeting Preview: High Interest Rates Need More Time To Work, Bank of America Says

Bank of America predicts Fed will not cut interest rates until December 2024, due to recent inflation surprises and a slower pace of disinflation.

United statesMichael gapenJerome powellFederal reserveGroup fedwatchMarket committeeFederal open market committeeAmerica expectssingle rate cut this yearFed chair jerome powellMarch personal consumption expenditure

Federal Reserve Meeting Preview: High Interest Rates Need More Time To Work, Bank of America Says

Federal Reserve Meeting Preview: High Interest Rates Need More Time To Work, Bank of America Says
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United statesMichael gapenFederal reserveMarket committeeFederal open market committee

Growth shrinks to 1 6% | The Arkansas Democrat-Gazette - Arkansas Best News Source

WASHINGTON Growth in the nation s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers the main driver of the economy kept spending at a solid pace.

United statesUnited kingdomNew yorkJerome powellOlu sonolaPaul wisemanJoe bidenKristalina georgievaPaul ashworthMichael gapenBen casselmanGregory dacoMolly smithAssociated pressInternational monetary fundCommerce department

Growth shrinks to 1 6% | Northwest Arkansas Democrat-Gazette

WASHINGTON Growth in the nation s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers the main driver of the economy kept spending at a solid pace.

United statesNew yorkUnited kingdomMichael gapenPaul wisemanGregory dacoBen casselmanOlu sonolaJoe bidenMolly smithKristalina georgievaJerome powellPaul ashworthAssociated pressCommerce departmentInternational monetary fund

Fed s Preferred Inflation Gauge Outstrips Expectations: Rate Cuts Aren t Necessary For The Bull Market To Continue

PCE price index surpasses projections, reaching 2.7% annually in March. Economists offer insights on potential Fed actions, with some expecting a wait-and-see approach and only one rate cut in 2024.

United statesMichael gapenJamie coxChris zaccarelliClark bellinMohamed el erianFederal reserveHarris financial groupPersonal consumption expenditureKobeissi letterBellwether wealth