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Could the Federal Reserve cut interest rates twice in 2024
Recent data on US inflation shows that the disinflationary process — while imperfect — is picking up steam. I believe the Federal Reserve will cut before the end of the third quarter, and I see room for more than one rate cut in 2024. But this is just one of a long list of topics on investors’ minds this week. US disinflation may lead to a third-quarter Fed rate cut Last week more data was released indicating greater disinflationary progress in the US – which in my view means we could get a Federal Reserve (Fed) rate cut sooner. US Consumer Price Index (CPI) for June fell 0.1% month over month and was up 3% ... (full story)