The chair of the Federal Reserve told reporters that the U.S. economy is in a good spot but that the prospects of a rate cut as soon as March are dicey.
The Vault
January 31, 2024
Powell says it’s a ‘good economy,’ but March rate cut unlikely
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Interest rates in spotlight as progressives call for cuts
The Federal Open Market Committee will announce its first interest rate move of 2024 this afternoon. We’re not expecting them to cut rates quite yet — but that won’t make the politics easier to navigate.
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