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Cycle Watch | March 2024: Strong economic data delay rate cuts
April 03, 2024
By Mark Hackett
By Ben Ayers
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Inflation’s stubborn trend, hovering above the Fed’s 2% target, casts doubt on anticipated rate cuts. Investors and economists once eyed a softer economy this year, prompting rate reductions. With inflation’s grip firm, some predict the Fed might skip cuts altogether, risking recession if high rates overstay.
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