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Federal ReserveCBS News
•87% Informative
Federal Reserve set to release its latest policy statement on Wednesday .
The Fed is widely expected to keep rates steady amid stubbornly high inflation.
The delay in cutting rates is hurting lower- and middle-income consumers.
Some economists are already scaling back their forecasts for the number of rate cuts they expect for 2024 .
Even so, some banks have lowered their rates slightly in expectation that the Fed will cut rates at some point this year , noted Ken Tumin , banking expert at DepositAccounts.com . —With reporting by the Associated Press ..
VR Score
93
Informative language
95
Neutral language
56
Article tone
formal
Language
English
Language complexity
50
Offensive language
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Hate speech
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Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
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