# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C0aHR3ONTTt
- **Gondola URL:** https://gondola.cc/posts/17858142-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/306f26ebf4.jpg
- **Posted:** 2023-12-03T22:41:49.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

In light of a decelerating economy, ING Economics is forecasting a series of interest-rate reductions by the Federal Reserve in 2024.

This strategic move, involving six rate cuts, is a response to the current economic slowdown, with the first cut expected in the second quarter of 2024 and continuing into 2025.
According to a report, the rationale behind these anticipated cuts stems from a combination of factors, including subdued inflation, a less dynamic job market and a less optimistic consumer spending outlook.

The chief international economist at ING, James Knightley, explained, "We have modest growth and cooling inflation and a cooling labour market — exactly what the Fed wants to see."
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#fedreserve

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