Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic Resilience Former Federal Reserve President Thomas Hoenig expressed surprise at the prospect of the Federal Reserve cutting interest rates three times in 2024, considering the current economic landscape. Speaking on CNBC’s “Squawk on the Street,” Hoenig suggested that, based on the resilience of the economy, persistent inflation above 3%, strong consumer spending, and low unemployment rates, one or two rate cuts would be more probable than three. His comments reflect skepticism about the need for such aggressive monetary policy easing given the economy’s enduring strength. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver to see second-highest deficit in 20 years, as record industrial demand rises 9% in 2024 – Silver Institute’s World Silver Survey READ MORE The TRUTH About Costco Gold Bars READ MORE How To Buy Gold Coins, Bars, Bullion & More [What You Need to Know] READ MORE Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II Levels READ MORE America’s Office Fire Sale Has Barely Begun READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
