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Fed's Bostic Predicts Rate Cuts, Biden's Economist Confident, CBO Forecasts GDP Growth
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Overview
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Fed's Bostic predicts two rate cuts in 2024, with a cautious approach to inflation containment. Biden's economic adviser expresses confidence in avoiding a recession, citing cooling inflation and easing interest rates. CBO projects 1.5% U.S. GDP growth in 2024, with a 4.4% unemployment rate.
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How does the CBO's forecast for U.S. GDP growth in 2024 reflect broader economic trends and potential implications for businesses and individuals?
How might the Fed's cautious approach to inflation impact the broader economy and financial markets?
What factors could influence the Fed's decision to raise interest rates and how might this impact borrowing costs and investment?
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