Chicago Fed President Goolsbee forecasts three interest rate cuts this year, aligning with the median Fed estimate.

Chicago Federal Reserve Bank President Austan Goolsbee has forecasted three interest rate cuts this year, aligning with the median estimate from the Federal Reserve's policy meeting. At the meeting, the US central bank maintained its benchmark overnight lending rate at 5.25-5.5%. Goolsbee stated that price increase readings for January and February were higher than expected, with housing inflation being the main puzzle to solve.

March 25, 2024
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