The Federal Reserve has finished raising interest rates and will likely cut them by about one percentage point next year, according to chief economists at some of North America's largest banks.
While the United States is likely to avoid a recession, economic growth looks set to slow markedly in coming quarters, pushing up unemployment while lowering inflation, the latest forecast from the American Bankers Association's Economic Advisory Committee shows.
“Given both demonstrated and expected progress on inflation, most committee members believe the Fed's tightening cycle has run its...
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