The Marriner S. Eccles Federal Reserve building in Washington, D.C.
There's a saying about how the Federal Reserve manages interest rates: 'They go up the escalator and down the elevator.' This time, it will likely be the reverse—frustrating investors betting on a quick decline.
Rates shot up in 2022 and 2023 at the fastest pace in four decades as the central bank sought to contain surging inflation. Now, with price pressures easing and the economy still strong, Fed officials are prepared to bring rates down at a slower and potentially less regular pace.
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