Abstract: The Federal Reserve is poised to cut rates in 2024 while moving away from balance sheet shrinking. Yet a key event looms in the backdrop: the election.
Lead Paragraph:
This year is set to be a big one for Federal Reserve officials: They are expecting to cut interest rates several times as inflation comes down steadily, giving them a chance to dial back a two-year-long effort to cool the economy.
Source: The New York Times
Category: Business
Sub Category: Economy
2024-01-10T10:01:30+0000
By Jeanna Smialek