Fed Raises GDP Projections for 2024 But Sees Three Rate Cuts Ahead

Wednesday, 20 March 2024, 18:21
The Federal Open Market Committee's March projections indicate an adjustment in 2024 GDP estimates along with plans for three upcoming rate cuts. Despite the revised economic outlook, the median Federal funds rate for 2024 remains at 4.6%. The committee's stance highlights a cautious approach towards monetary policy.
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Fed Raises GDP Projections for 2024 But Sees Three Rate Cuts Ahead

Fed Projections Overview

The Federal Open Market Committee has released projections for 2024 indicating potential rate cuts.

Key Points:

  • 2024 GDP Estimate: Adjusted by the committee.
  • Rate Cut Forecasts: Expectation for three rate cuts in the upcoming year.
  • Federal Funds Rate: Median rate remains at 4.6% despite economic adjustments.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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