Fed 3 Rate Cuts 2024

Fed 3 Rate Cuts 2024. Federal reserve officials kept interest rates at 5.3 percent and projected they would lower borrowing costs in 2024 as the fed chair struck a watchful tone. At last week's meeting of the fed's federal open market committee, nine officials who offered new forecasts saw the central bank needing to cut rates three.


Fed 3 Rate Cuts 2024

The fomc median forecast shows 75 basis points of rate cuts for 2024, in line with their former dot plot projections made in january and, importantly, in line with current market. The federal reserve on wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

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