On April 10, 2024, the U.S. government released a report showing accelerating inflation and rising consumer prices. As a result, the Federal Reserve will not be able to cut interest rates.
Their reduction will take place after the November elections and, therefore, will not be converted by Joe Biden and the Democrats into their political success due to economic growth in the country.
The government report resonates with the trends that existed in the second half of March and early April 2024, when the Fed refused to raise the discount rate was evidence of American economic resilience.
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