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Federal Reserve Bostonic: It is expected that the Federal Reserve will cut interest rates twice this year.
Golden Finance reported that the Federal Reserve’s Bostic said that the Fed is expected to cut interest rates twice this year. Many things could happen in the future, leading to an increase or decrease in the rate cut. The current Benchmark Interest Rate is in a moderately tight state compared to the neutral Interest Rate of 3%-3.5%. Due to upcoming policy changes, economic slowdown is a major concern, but businesses anticipate a stable year in 2025. As of now, the economy continues to show resilience.