Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
- The Federal Reserve is likely to signal fewer interest rate cuts next year than previously expected.
- The Fed is set to reduce its benchmark rate by a quarter-point to about 4.3% when the meeting ends Wednesday.
- Inflation remains stubbornly above the Fed's 2% target despite dropping from its peak of 9.1% in mid-2022.
- Americans hoping for lower borrowing costs for homes, credit cards, and cars may be disappointed after this week's Federal Reserve meeting.
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Coverage Details
Total News Sources0
Leaning Left23Leaning Right15Center50Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 26%
C 57%
R 17%
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