Will the Fed Lower Interest Rates? 3 Things to Know About the Latest CPI Report

The Federal Reserve held rates at its Wednesday meeting as expected. The agency noted that while “recent indicators suggest that economic activity has continued to expand at a solid pace,” the overall “economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.”

The Fed expects one rate cut before the end of the year and more cuts in 2025 to reach 3.1% by the end of 2026.

“In recent months, there has been modest further progress toward the Committee’s 2 percent inflation objective,” the statement notes.

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