Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation

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Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained elevated at the start of the year.

<p>WASHINGTON — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation&#x20

com/news/stream/inflation" rel="follow" target="_blank">inflation</a> in January and February hadn't fundamentally changed the Fed's picture of the economy: The central bank still&am

 

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