ARTICLE AD BOX
In addition to the worsening US labor market the Federal Reserve could have cut the Federal Funds Rate by 0.50 % due to possible political pressure from both parties on the eve of the 2024 US Presidential election in 2024, according to Wolfteam Ltd.'s projections and estimates.
A deep rate cut followed by a string of 0.25 % rate cuts, which could bring the Federal Funds Rate to near 3.00 % seems to be in favor of both the Republicans and Democrats who both want and need a strong US economy.
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