[Fed Collins believes it is appropriate to start cutting interest rates later this year]
12 Aprilcandycrushp2eFed Collins said it would be appropriate to start implementing multiple rate cuts later this year. In addition, she said current data are expected to support the Federal Open Market Committee (FOMC) to start cutting rates later in 2024. The number of interest rate cuts is expected to decrease this year, and it may take more time to build up the confidence needed to cut rates. Recent data also allayed fears of an immediate Fed rate cut.
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