Fed Rate Cuts 2024

Fed Rate Cuts 2024

Fed Rate Cuts 2024. Federal reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace. Fed cuts rates again the federal reserve cut interest rates by a quarter point, the second reduction this year.


Fed Rate Cuts 2024

The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. Fed officials also penciled in more rate cuts by yearโ€™s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june.

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