Fed Interest Rate Cuts 2024 News. The federal reserve kept its key interest rate at 5.25% to 5.5%, citing “some further progress” toward its 2% inflation goal. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more evidence that u.s.
Federal reserve chair jerome powell said the time has come for the central bank to adjust its monetary policy, signaling that rate cuts. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more evidence that u.s.