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Fed Is Done Raising Rates and Will Cut Them in 2024, Economists Say
The Federal Reserve is done raising interest rates and will likely cut them by roughly one percentage point next year, according to chief economists at some of North America’s largest banks.
While the US will probably dodge a recession, economic growth looks set to slow markedly in the coming quarters, pushing up unemployment while reduc...

💡 Summary:
• Production of consumer goods slumps most since early 2021
• Output dropped 0.5% in June for a second month, Fed says
• Boosted by a 36.7% surge in the production of motor vehicles and parts in the second quarter
• Manufacturing may benefit some in coming months as retailers get inventories more in line with sales and the pace of goods inflation slows
The June index of production at factories, mines and utilities decreased 0.5...

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