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Groundwork’s Bilal Baydoun Reacts to FOMC Decision: “Only one rate cut this year would be a major misstep” [1]
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Date: 2024-06
Groundwork’s Bilal Baydoun Reacts to FOMC Decision: “Only one rate cut this year would be a major misstep”
Groundwork’s Bilal Baydoun Reacts to FOMC Decision: “Only one rate cut this year would be a major misstep”
Today, the Federal Open Market Committee announced that interest rates would stay at a 23-year high and updated their forecast to show only one rate cut this year. Groundwork Collaborative’s Director of Policy and Research Bilal Baydoun reacted with the following statement:
“Only one rate cut this year would be a major misstep. Families need relief from high borrowing costs now. Chair Powell is making it harder for families to get by. “Inflation has fallen dramatically – we had zero inflation in May.”
Email
[email protected] to speak with one of Groundwork’s experts about today’s FOMC meeting.
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[1] Url:
https://groundworkcollaborative.org/news/groundworks-bilal-baydoun-reacts-to-fomc-decision-only-one-rate-cut-this-year-would-be-a-major-misstep/
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