Fed Rate Cut Chances In 2024

Fed Rate Cut Chances In 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. That lowers the target rate to between 4.75% and 5.0%.


Fed Rate Cut Chances In 2024

There are now 93.3% odds that the fed’s target range for the federal funds rate, its key rate, will be lowered by a quarter percentage point to 5% to 5.25% in september from the. Fed officials also penciled in more rate cuts by yearโ€™s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june.

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