Anticipated Fed Rate Cuts 2024 In. Rising inflation and unmoored expectations have brazil watchers keen to drill into the minutes of the central bank’s dec. Federal reserve officials cut interest rates on thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under control.
The fed on wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic’s high. The federal reserve announced at its may 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the current range of.
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