( ) -q-27- UNDATED (Correspondent Jeremy House) “Fed’s two-percent target.” Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. [CutID: <Cuts> FED-RATE-CUTS-house-q-TUEam.mp3 Time: 27s Title: FED-RATE-CUTS-house-q-TUEam Out-cue: Fed’s two-percent target] TAG: Correspondent Jeremy House reporting. ————————- VERBATIM: The Fed’s policymakers are likely to […]
Audio
Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
( ) -q-27- UNDATED (Correspondent Jeremy House) “Fed’s two-percent target.”
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.
[CutID: <Cuts> FED-RATE-CUTS-house-q-TUEam.mp3
Time: 27s
Title: FED-RATE-CUTS-house-q-TUEam
Out-cue: Fed’s two-percent target]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point to about 4.3% when their meeting ends Wednesday. The problem is that while inflation has dropped far below its peak of 9.1% in mid-2022, it remains stubbornly above the Fed’s 2% target.