In a significant development, the Federal Reserve just made an announcement for interest rates cuts, countering earlier expectations. Although the latest CPI report shows a slight drop in inflation, concerns persist over high and stagnant inflation …
In a significant development, the Federal Reserve just made an announcement for interest rates cuts, countering earlier expectations. Although the latest CPI report shows a slight drop in inflation, concerns persist over high and stagnant inflation levels. Fed Chair Jerome Powell's emphasis on restoring price stability comes as the Fed projects higher long-term inflation, signaling a prolonged struggle and continued erosion of purchasing power.
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