Fed's Goolsbee says he sees three rate cuts this year

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 78%

Canada Headlines News

Canada Latest News,Canada Headlines

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

March 25 - Chicago Federal Reserve Bank President Austan Goolsbee said on Monday that at the Federal Reserve's policy meeting last week he penciled in three rate cuts for this year.

"I was at the median for this one," Goolsbee said in an interview with Yahoo Finance, while declining to say when he thought an easing in borrowing costs might begin. "So we're in an uncertain state but it doesn't feel to me like we've changed fundamentally the story that we're getting back to target," Goolsbee said.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed is in 'murky period' balancing inflation: Fed's GoolsbeeFederal Reserve officials decided to pause interest rates at their current level last week. Investors are becoming increasingly curious about when the Fed...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Why the Fed is still watching the labor market: Frmr Kansas City Fed Pres.US Equities (^GSPC, ^DJI, ^IXIC) are trading higher on Thursday as the market reacts to the Federal Reserve's updated Summary of Economic Projections. The...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Goldman Sachs Now Sees Three Fed Rate Cuts This Year Instead of FourGoldman Sachs Group Inc. economists changed their forecast for Federal Reserve monetary policy to call for three quarter-point interest-rate cuts this year instead of four.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Fed stays on pause, most officials see three rate cuts in 2024The Federal Reserve has left interest rates unchanged, maintaining a target range for the federal funds rate at 5.25 to 5.5%. In the statement, FOMC...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

U.S. Fed pencils in three rate cuts in 2024, shallower path aheadU.S. Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in 2025 following a recent uptick in inflation.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Fed sees three rate cuts in 2024 but a more shallow easing pathThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »