Agency: Federal Reserve may curb interest rate cut plans

With the recent surge in inflation data, economists are divided over how much Fed officials will signal in 2024 at their policy meeting next week. Policymakers are likely to abandon their long-held predictions of three rate cuts this year, but whether they will still opt for two is an open question. One survey showed that 41 percent of economists expect a "dot plot" to show two cuts, while 41 percent expect only one or no cuts at all.