Fitch says US states expect slower growth after Fed cut
Fitch says US states expect slower growth after Fed cut


September 19, 2024 5:50 PM ETAGG, LQD, COUNCILMBB, BND, HYG, MUB, JNK, VCITBy: Rob Johnson, South African News Editor

Sasirin Pamai

U.S. government budget planners expect slower growth following the Federal Reserve’s 50-basis-point interest rate cut, according to Fitch Ratings.

The firm’s analysts expect “a considerable slowdown in growth” next year and more cuts from the Fed through 2026. The labor market

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