Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%

By: Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023.Kevin Lamarque | ReutersThe Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge falling…

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