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The Fed’s new median rate projection for 2024 signals just one rate cut. After the Federal Reserve’s latest interest rate decision, you may be tempted to try and start connecting some dots.
The Fed has mostly tamed the inflation surge from 2022, which is why it was cutting the federal funds rate (the overnight interest rate it charges banks) at the end of 2024.
The FOMC cut rates by 25 basis points. They drew back on their easing bias somewhat by removing "downside risks to growth remain" from its statement, but left no sign of a future pause to the interest rate cuts. Fisher and Plosser dissented, preferring no change. Official statement: March 18, 2008 2.25% 2.50% 8–2
The Federal Reserve announced its first rate cut in four years on Sept. 18. It opted for a more aggressive 50 basis point cut instead of just 25 basis points, but many see this as just the beginning.
The Federal Reserve on Wednesday announced its third consecutive interest rate cut of 2024, reducing its benchmark rate by 0.25 percentage points amid cooling inflation. Yet in a blow for ...
The Federal Reserve lowered borrowing costs again at its final gathering of 2024, but officials cast doubt over how many more times they’ll be able to cut rates in the year ahead as inflation ...
Investors are on edge this week as Federal Reserve officials prepare to signal how many interest rate cuts are still likely in 2024. Most market watchers believe policymakers will dial their ...
The Fed cuts rates “when something goes wrong in the economy,” said Justin Weidner, a US economist at Deutsche Bank. That was the premise for rate cuts that began in 2007, 2001 and 1990, which ...