Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?
Inflation by the Federal Reserve's preferred measure rose at an annual rate of about 2 percent in the second half of 2023, near the Fed's target, but in February 2024 the central bank was not yet ready to cut interest rates as borrowers hoped.
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National9 articles from 9 sources across the spectrum· Updated 964d ago
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1 viewpointRan by 6 outlets across the spectrum· Minneapolis Star Tribune, Moultrie Observer, +1 more
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Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates? - The Daily Reporter
Federal Reserve still hesitant to cut interest rates though inflation is nearly back to 2%