The Fed Holds Steady But Still Sees 3 Rate Cuts in 2024

Thursday, March 21, 2024

Federal Reserve officials said they are leaving the central bank's benchmark interest rate unchanged, a decision widely expected by economists after recent inflation data showed that prices are still increasing at a faster pace than the Fed would like.

Posted by OCUser at 07:32 AM | 5 COMMENTS | permalink | Comment on This Entry |

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Dangling the carrot. It's not even speculation at this point. Inflation is going the wrong way for them to even say this, but here we are.

#1 | Posted by lfthndthrds at 2024-03-20 08:18 PM | Reply

@#1 ... Inflation is going the wrong way for them to even say this ...

How has inflation been going the wrong way?

Is disinflation the "wrong way?"

#2 | Posted by LampLighter at 2024-03-20 08:20 PM | Reply

How has inflation been going the wrong way?
- gaslighter

The 12-month inflation rate has been stuck between 3% and 4% since June, hovering just above the Federal Reserve's official 2% target.

Seems like adding more money is just throwing fuel on the fire.

Unless 4% is the new "target".

#3 | Posted by oneironaut at 2024-03-20 08:27 PM | Reply

#3 | Posted by oneironaut

The 6-month trend is still down significantly.

#4 | Posted by GalaxiePete at 2024-03-21 02:11 PM | Reply

I've said all along, if they REALLY want to
get inflation under tight control, tax the hell
out of the CEO class causing it. Set their tax
rate at 90%, and then watch the prices in the stores
fall like rain...

But this country doesn't do that. Despite which ever
party is in control, one constant remains (since Reagan),
'Protect the Rich'.

Until that policy changes. The rest of the country will
always thrive or struggle at the behest of the rich.

#5 | Posted by earthmuse at 2024-03-22 09:45 AM | Reply