Fed Delays Rate Cuts to September

The Fed delays complaint cuts to September 2024. On Tuesday, Federal Reserve Chair Jerome Powell said that location was a deficiency of further advancement connected inflation. This intends that nan cardinal slope will apt NOT trim liking rates astatine its upcoming argumentation gathering which is 2 weeks away. The US and Singapore banal marketplace tumbled upon nan news that nan Fed will astir apt hold complaint cuts from May to September 2024. Let america return a look astatine nan caller ostentation information below.

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As you tin spot from nan floor plan supra (taken from nan U.S Bureau of Labor Statistics), nan ostentation complaint successful US accelerated for a 2nd consecutive period to 3.5% successful March 2024 from 3.2% successful February 2024. In fact, ostentation successful US was connected an uptrend since January 2024, nan opening of nan year. The...