The Fed just Flipped. No rate Cuts

The Fed just flipped. No rate Cuts

Economists from Bank of America just warned that the Federal Reserve might not cut interest rates until March 2025. With other news outlets speculating that the next Fed move might actually be a rate hike.
The prospect of Jerome Powell and the Federal Reserve keeping interest rates higher for longer. And potentially increasing rates is a worrying prospect for the US economy. It means that home prices and stock prices could have downward pressure as 2024 goes on due to higher borrowing costs.
It also means that the economy is also not fully out of the woods. With the prospect of recession and economic slowdown still lurking around the corner.
Credit to : Reventure Consulting