Strong Economic Growth Raises Doubts on Need for Fed Rate Cuts

The economy is showing unexpected strength, raising questions about whether the Fed will cut rates 3 times as predicted.

Strong jobs and economic reports suggest rate cuts may not be needed to stimulate growth.

But inflation remains above the Fed's 2% target, so rate cuts could still happen to cool prices.

Fed officials are split, with some seeing less need for cuts amid strong growth and others focused on bringing down inflation.

The supply of available workers has increased, allowing the economy to grow faster without fueling inflation.