It’s been a busy yr for the Federal Reserve as its members continued their strategic battle in opposition to inflation. Jennifer Schonberger, Yahoo Finance’s Fed reporter, highlights three highlights of the central financial institution’s path to 2024.
First, the persistent “larger for longer” charge surroundings has challenged market expectations regardless of preliminary forecasts of six potential charge cuts. The second pivotal second got here throughout Federal Reserve Chairman Jerome Powell’s influential speech at Jackson Hole, which subtly signaled potential imminent charge cuts. Finally, the third key occasion was the primary September charge reduce in over 4 years.
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This submit was written by Angelo Smith
