US Federal Reserve likely to leave rates unchanged, signal drop in 2024

The US Federal Reserve is expected to keep interest rates unchanged but signal a gradual shift towards monetary policy easing. Quarterly economic projections will likely include rate cuts by the end of next year. Fed Chief Jerome Powell will emphasize that any rate cuts are contingent on further improvement in inflation. Recent data on producer prices suggests inflation is dropping faster than expected. The Fed meeting will provide views on inflation, unemployment, and GDP in the coming years.

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