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How Interest Rate Cuts Could Impact the Ag Equipment Industry

The Federal Reserve has hinted at possible interest rate cuts in 2024, according to recent reports. Reuters reported March 20 that Federal Reserve Chair Jerome Powell said the central bank was staying on track for 3 interest rate cuts this year, though the Federal Reserve left rates unchanged. However, a March 26 report from CNN said Federal Reserve officials are now considering fewer rate cuts, with 4 of the 19 officers on the rate-setting committee…

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