Us Fed Rate Cuts 2024 News. The federal reserve announced wednesday it is slashing interest rates by half a percentage point and projected two more cuts before the end of the year, in a clear sign that. All that could start to.
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. Powell, the fed chair, said that the central bank would take future interest rate cuts โmeeting by meetingโ after lowering rates by a half percentage point, an unusually large move.
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