Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy

The Fed's new policy statement described inflation as remaining "elevated," and updated quarterly economic projections showed the personal consumption expenditures price index excluding food and energy rising at a 2.6% rate by the end of the year, compared to 2.4% in the projections issued in December.

from Stocks-Markets-Economic Times https://ift.tt/Lm2BcMJ