Fed Interest Rate Decision July 2024 Update. A series of rate increases that began in march last. The fed rate decision won't surprise markets.
The fed holds interest rates steady in its second decision of the year โ with cuts still expected later in 2024. The fed predicts interest rates will be considerably lower at this point next year than they are right now, signaling three rate cuts may be in the cards for 2024.
A Series Of Rate Increases That Began In March Last.
Mar 20, 2024, 11:00 am pdt.
The Federal Reserve Raised Interest Rates By A Quarter Of A Point, Its 10Th Straight.
They now expect 2.6% core pce inflation in 2024, up from 2.4%.
The Fomc Holds Eight Regularly Scheduled Meetings During The Year And Other Meetings As Needed.
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Today, The Fed Funds Target Rate Is 5.25% To 5.5%.
Likewise, fewer economists are now predicting that the fed will cut rates at its may 1 meeting.
Target Rate As Of March 20, 2024.
Mar 20, 2024, 11:00 am pdt.
The Fed Last Raised Its Benchmark Rate, Known As The Federal Funds Rate, In July To A Range Of 5.25 To 5.5 Percent.