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EY Senior Economist: 'Stage Is Set' For Rate Cuts
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August 22, 2024August 22, 2024IPOs

EY Senior Economist: ‘Stage Is Set’ For Rate Cuts

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A senior economist expects multiple cuts in the federal funds rate (the rate banks pay that ripple out to consumer interest rates on everything from credit cards to mortgages) before the year ends. On Wednesday, the Federal Reserve released meeting minutes for the Federal Open Market Committee meeting held on July 30 and July 31....

Inflation Down, Fed Rate Cut Expected in Sept: CPI Report
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August 14, 2024August 14, 2024IPOs

Inflation Down, Fed Rate Cut Expected in Sept: CPI Report

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Inflation is now at 2.9%, marking the first time it has fallen below 3% since March 2021. Wednesday’s Consumer Price Index (CPI) report, which tracks the prices of essential goods and services and helps the U.S. Federal Reserve determine economic policy, found that prices rose 2.9% in July compared to July 2023. This could mean...