The post Economist Predictions: Federal Reserve Signals Pause on Rate Hikes Amid Debt Ceiling Suspension appeared first on Coinpedia Fintech News
On Wednesday, the U.S. House of Representatives managed to secure the backing of both Democrats and Republicans, successfully passing a bill that seeks to temporarily suspend the $31.4 trillion debt ceiling. This legislation removes the borrowing limit of the federal government until January 1, 2025.
With the Federal Reserve nearing its upcoming decision on whether to raise interest rates in June, all attention is now focused on this critical moment. In a recent televised interview on Friday, David Wessel, a respected economist and director of the Hutchins Center on Fiscal & Monetary Policy, offered his insights on monetary policy and the highly anticipated proposal for a rate hike.
Fed Likely to Skip Rate Hike in June
Renowned industry veteran David Wessel recently shared his perspective, suggesting that the Federal Reserve is inclin
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