Posted 2/12/2024, 7:44:18 PM
Economists Urge Interest Rate Cuts As Inflation Cools, Consumer Spending Holds
- Economists believe interest rates are too high and restrictive on borrowing and spending
- Imposing wealth taxes in Colombia led wealthy citizens to hide assets and reduce tax revenue
- January's inflation report could bring Fed closer to confidence needed to cut interest rates
- Early retail sales data shows consumers sustained spending growth in January
- Household views on finances and economy are brighter as high inflation fades
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