Fed Rate Cuts 2024 News 2024
Fed Rate Cuts 2024 News 2024. Powell, the fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an unusually large move. It’s the first cut to the federal funds rate since march 2020, bringing rates down to 4.75% to 5% from the 5.25% to 5.5% range they’ve sat since last july, the highest rates had.
Investors will scrutinize press conference, updated forecasts Throughout all of 2023, the rate averaged 6.8% and peaked near 8%.