San Francisco and Cleveland Fed Presidents suggest three rate cuts in 2024, but stress strong growth and uncertainty.
San Francisco Fed President Mary Daly confirms the Fed is considering three rate cuts for 2024, stating that the forecasts are not set in stone. Daly emphasizes that, for now, growth is strong, so there is no urgency to adjust rates. Cleveland Fed President Loretta Mester also indicates that three rate cuts remain a reasonable expectation, though it is a close call on whether fewer will be needed.
April 02, 2024
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