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Federal Reserve's likely rate cut slowdown could disappoint borrowers

PBS
Summary
Nutrition label

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.

VR Score

83

Informative language

87

Neutral language

64

Article tone

semi-formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links