{"id":102970,"date":"2024-06-27T21:22:05","date_gmt":"2024-06-27T17:22:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=102970"},"modified":"2024-06-27T21:23:36","modified_gmt":"2024-06-27T17:23:36","slug":"fed-official-rate-cut-likely-in-q4","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/fed-official-rate-cut-likely-in-q4\/06\/27\/market-updates\/","title":{"rendered":"Fed official: Rate cut likely in Q4"},"content":{"rendered":"\n<p>Federal Reserve President Raphael Bostic expects to begin lowering interest rates later in 2024, stating that inflation doesn&#8217;t have to fall all the way to 2% for him to favor a cut. <br><br>Bostic is currently monitoring progress toward the annual target of lowering interest rates, and sees plausible scenarios in which more cuts, no cuts, or even a rate hike could be appropriate. <br><br>In 2023, the inflation rate fell by more than half, from above 5% to below 3%, per the personal consumption expenditures (PCE) price index. However, this progress slowed considerably early this year, and Bostic believes that inflation has resumed its decline. <br><br>He cited April and May inflation reports as &#8220;glimmers&#8221; of evidence that price changes are moving towards the Fed&#8217;s 2% goal and sees risks to the labour market and inflation becoming more balanced in recent weeks.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve President Raphael Bostic expects to begin lowering interest rates later in 2024, stating that inflation doesn&#8217;t have to fall all the way to 2% for him to favor a cut. Bostic is currently monitoring progress toward the annual target of lowering interest rates, and sees plausible scenarios in which more cuts, no cuts, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":102531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,7822,7740],"class_list":["post-102970","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-labour-market","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/102970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=102970"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/102970\/revisions"}],"predecessor-version":[{"id":102978,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/102970\/revisions\/102978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/102531"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=102970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=102970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=102970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}