Fed Cautious on Rate Cuts
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•Federal Reserve's likely rate cut slowdown could disappoint borrowers
73% Informative
In September , Fed officials predicted that they would reduce their benchmark rate four times next year , on top of three rate cuts this year .
President-elect Donald Trump ’s policy proposals have led to a decidedly more cautious tone from the Fed .
Fewer rate cuts would likely mean continued high mortgage rates and other borrowing costs for consumers.
Lorie Logan , president of the Federal Reserve Bank of Dallas , has noted that that range is twice as large as it was two years ago .
Powell has stressed that the Fed won’t change its policymaking until it’s clear what changes the new administration will actually implement.
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