Fed Interest Rate Announcement 2024

Fed Interest Rate Announcement 2024. The fed didn’t cut interest rates sooner because it could have reignited inflation or left it stuck above the central bank’s target. The federal reserve said wednesday it was keeping its key interest rate unchanged as it fights elevated inflation rates that have been pinching u.s.


Fed Interest Rate Announcement 2024

At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing.

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