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Interest rates remain unchanged, but Federal Reserve signals cuts coming in 2024

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The Federal Reserve opted to leave interest rates unchanged, but Fed Chairman Jerome Powell suggested there may be as many as three rate cuts next year. Powell said rate hikes appear to be over for now and the economy is well positioned for a so-called "soft landing." Stephanie Sy discussed more with economist Julia Coronado of MacroPolicy Perspectives.

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Category
U.S. & Canada
Tags
economy, federal reserve, federal reserve chair powell
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