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Fed must cut interest rates by 2024, warns economist

Posted on AllSides June 15th, 2023
From The Center

While the Federal Reserve has hit pause on its interest rate hikes, the central bank foresees raising its key rate at least two more times before the end of the year—something that economists think should be avoided to help release pressure on the commercial real estate market and the banking sector. After rising interest rates 10 consecutive times since March 2022—even as a banking crisis was seemingly unfolding in the country—the Fed made no change in its key rate on Wednesday, as it waits to see the impact of previous...

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