London CNN —
At the beginning of the year, Federal Reserve officials projected they would cut interest rates three times this year. By June, they had lowered that projection to just one cut.
Now some key policymakers say it won’t happen at all.
On Tuesday morning, Fed governor Michelle Bowman said that she’s expecting no rate cuts this year.
“Inflation in the US remains elevated and I still see a number of upside inflation risks that affect my outlook,” Bowman said at an event hosted by the Policy Exchange think tank in London.
→ Continue reading at CNN - Business News
