Fed Rate Cuts 2024 Announcement

Fed Rate Cuts 2024 Announcement. Powell, the fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point,. Here are some takeaways from the decision and from remarks by the fed chair, jerome h.

 — but nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates. The federal reserve uses its federal funds rate, which serves as a.