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U.S. Federal Reserve faces expectations for rate cuts with inflation getting closer to target

With frameworks for assessing the U.S. economy upended by the pandemic and its aftermath, it’s hard to know whether the economy’s healthy conditions can endure ....

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International Business: Global economic growth set to remain resilient

International Business: Global economic growth set to remain resilient
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The Global Economy Is Surprisingly Strong, but Growth Is Likely to Slow

Consumer spending has beaten expectations, but that’s not likely to last forever, Nathan Sheets writes in a guest commentary. ....

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Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts

Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. As the Fed raised interest rates at the fastest pace in four decades to fight high inflation, most economists warned of a recession, possibly a painful one, with waves of layoffs and rising unemployment. The unexpectedly rosy picture — one that's sure to be subject to heated debate in the 2024 presidential race — may have left some Fed officials saddled by uncertainty. ....

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Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts – Metro US

WASHINGTON (AP) Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A […] ....

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