Posted 3/25/2024, 12:17:46 PM
Fed Rate Cut Still on Table Despite Inflation; Internet Access Funding Cliff Threatens Millions
- Fed rate cut likely in June or July despite higher inflation forecast
- Goldman Sachs lowered recession odds from 35% to 15% due to subsiding inflation and banking risks
- FAA increasing oversight of United Airlines due to recent safety incidents, may delay future projects
- 23+ million households at risk of losing internet access if Congress doesn't provide $6B to renew Affordable Connectivity Program
- FCC shutting down ACP signups and warning users benefits will be suspended soon without new funding