Are Interest Rate Cuts Not Actually Around the Corner?

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interest ratesIf you were planning on the current interest rate environment loosening up this year, it may be time to reconsider. Inflation is actually going back up, not down. Plus, unemployment is still relatively low and the stock market is near all time highs, with a new record having been set just recently! Even the media which had predicted a minimum of 3 rate cuts this year alone is changing its tune. If you don’t believe us, look:

4/17/24 – The Economist: America’s interest rates are unlikely to fall this year

4/17/24 – CNBC: Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025

4/17/24 – Fox Business: Interest rate cut odds dwindle as inflation progress stalls

4/16/24 – Washington Post: The sobering message from the Fed: Interest rate cuts aren’t coming soon

4/15/24 – Axios: The U.S. may be entering a new era of persistently high interest rates

It could even go the other direction. According to CNN, “The Fed might not be done raising interest rates just yet.” Most companies in the industry by now had already adjusted to the current environment (if they’re still around), but it could continue like this for a long or even get more expensive. Prepare accordingly.

Last modified: April 18, 2024

Category: Economy

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