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It is too early to celebrate the ‘rate cuts’ in 2024
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On Dec 13, the Fed said it would leave the federal funds rate where it stands now, at about 5.3 per cent.
PHOTO: REUTERS
Jeff Sommer
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It is too early to start celebrating. That’s the US Federal Reserve’s sober message – though given half a chance, the markets won’t heed it.
“It’s far too early to declare victory and there are certainly risks” still facing the economy, said Fed chairman Jerome Powell.
