The Fed doesn’t contact charges: unchanged at 5.25-5.50%. Only one lower is predicted in 2024 | EUROtoday

Get real time updates directly on you device, subscribe now.

The Fed left rates of interest at 5.25%-5.50%, the best since 2001, as anticipated the day earlier than. The forecast for GDP development in 2024 is 2.1% and unemployment is predicted at 4%, all unchanged in comparison with earlier estimates.

Only one fee lower of 25 foundation factors is predicted in 2024. This is what emerges from the 'dot plot', the graph that information the Fed bankers' forecasts each three months. Four cuts of 25 foundation factors are then anticipated subsequent 12 months and one other 4, not three, in 2026. Finally, charges at 2.8% in the long run. In March, central bankers predicted three fee cuts this 12 months.


Find out more
Find out more