Fed Announces Delay in Interest Rate Cuts in Massive Blow to Joe Biden

By Mike Fishmore | May 2, 2024

Interest rate cuts

In February, the economy was strong.
 

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Americans were briefly seeing low inflation and the S&P 500 consistently reaching new highs.  

Low inflation

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The Federal Reserve was considering significant interest rate cuts, sparking debates among experts about the number of cuts before Election Day.