Atlanta Fed Raphael Bostic said overnight that he now projects Fed to begin cutting interest rates in the third quarter of this year, a shift in timing from his previous expectation of the fourth quarter. This adjustment is a response to the recent economic data, as he explained, “Because I’m data dependent, I have incorporated […]
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A lot of consumers today are feeling the crunch of inflation. On a broad level, the Consumer Price Index rose 2.4% annually in February. But certain key categories rose at an even faster pace. Food Read more…
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