Fed Interest Rate Cut 2024

Fed Interest Rate Cut 2024. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. Fed cuts interest rates by half a point, marking first trim since 2020.


Fed Interest Rate Cut 2024

The federal reserve announced at its june 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the. Next year, we think the fed will cut a further four times, slowly bringing the policy rate down towards the neutral rate.

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