Fed avoids recession, cuts rates
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Fed policyYahoo Finance
•The Fed avoided a recession in 2024. But it couldn't shake inflation.
73% Informative
The Federal Reserve used elevated interest rates to nudge inflation lower without triggering a US recession.
Unemployment rose, but never got out of control, and the economy remained surprisingly strong.
Fed Chair Jerome Powell sounded very pleased with the way 2024 turned out.
But inflation remains the No. 1 concern for Powell and his colleagues as 2025 looms is inflation.
President of the Cleveland Fed voted against the last rate cut of the year in December .
Mary Daly , president of the San Francisco Fed , says she sees the Fed ’s recalibration process as "completed" Daly also didn't rule out a rate hike in 2025 .
VR Score
84
Informative language
89
Neutral language
52
Article tone
informal
Language
English
Language complexity
42
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Attention-grabbing headline
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short-lived
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