US: Fed Keeps Interest Rates Unchanged, Projects Three Cuts in 2024

The US Federal Reserve kept interest rates unchanged at 5.3% and projected a decrease to 4.6% by end-2024, based on the assumption of easing inflation. The central bank aims for a soft landing scenario, where inflation cools back to normal without causing a painful economic slowdown. It continues to assess incoming data, evolving outlook, and balance of risks while remaining prepared to adjust monetary policy to achieve its goals.

March 20, 2024
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