rate cuts

Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation

Powell's explicit - and repeated - references to the need for caution from here on jolted Wall Street, sending stocks sharply lower, bond yields higher and leading investors to dial back estimates of how far borrowing costs are likely to fall over the coming year.

December 19, 2024
December 19, 2024

Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation

Powell's explicit - and repeated - references to the need for caution from here on jolted Wall Street, sending stocks sharply lower, bond yields higher and leading investors to dial back estimates of how far borrowing costs are likely to fall over the coming year.