Inflation now sits at 3%, close to the Fed’s target of 2%. This anticipated cooling has been much awaited.
Economic experts’ opinions vary as to the exact timing of the interest rates. Predictions range from the first quarter to the second half of this year. This year is crucial with the economy coming out of a slump, but it helps to tread carefully.
Although the Fed has promised it will cut rates, we don’t know when that will happen.
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