Former St. Louis Fed President Expects Three Interest Rate Cuts

-- Former Federal Reserve Bank of St. Louis President James Bullard said he’s expecting three interest rate cuts this year as inflation moves toward the central bank’s target while the economy remains resilient.“At this point, you should probably take the committee and chair at face value — their best guess right now is still three cuts this year,” Bullard said Tuesday in an interview with Bloomberg TV. “That’s the base case.

Fed officials agreed in their March meeting that it would be appropriate to begin reducing rates this year, with a median estimate of three cuts. At the same time, Fed Chair Jerome Powell has said that the central bank doesn’t need to rush to ease policy, with more evidence needed that inflation is easing sustainably.

Some officials even see the potential for no cuts at all this year. Minneapolis Fed President Neel Kashkari said they may not be needed if inflation continues to trend sideways.McCabe scores in OT, Matthews gets No. 65 as Maple Leafs beat Penguins 3-2 The declines are reducing a potential windfall for Trump who could sell his shares to raise money for his 2024 presidential campaign and legal expenses, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding. Former U.S. President Trump - who owns about 78.75 million shares in the company - has seen a sharp slide in the valuation of his stake from around $6 billion last month.

Some prisoners-turned-soldiers are returning to Ukraine flush with cash, as they were paid more than double the average salary of a Russian worker.Former President Donald Trump raked in tons of campaign cash at a weekend Palm Beach fundraiser. His ultra wealthy donors should know better, writes Dean Obeidallah.A battle for hope: the brewing campaign clash between the Conservatives and the NDP

Federal Reserve St. Louis James Bullard Interest Rate Cuts Inflation Economy

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