"A soft landing is likely with moderating inflation and low unemployment, and we are projecting annual economic growth of 2.1%, down from 2.5% in 2023," the ratings agency said
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Fitch Ratings said on Wednesday it expects the U.S. Federal Reserve to cut interest rates twice this year - in September and December.
"A soft landing is likely with moderating inflation and low unemployment, and we are projecting annual economic growth of 2.1%, down from 2.5% in 2023," the ratings agency said.
(Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)
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