Interest rates may stay high for longer. Here’s what it means for the 2024 election.

The Fed has cast doubt over a previous forecast of interest rate cuts.

By: ABC News

May 08 2024
31
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Interest rates may stay high for longer. Here’s what it means for the 2024 election. — Interest rates may stay high f

At the start of 2024, the economy appeared to deliver just about everything President Joe Biden could want: falling inflation, robust growth and a forecast of interest rate cuts at the Federal Reserv… [+4247 chars]

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