Fed Rate Cuts 2024 September 2024. The fed’s new projections also revealed that policymakers expect the unemployment rate to hit 4.4 percent by the end of 2024, up from their original estimate of 4 percent. The size of the move was hard to justify based on.
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 years due to progress on the fed’s dual mandate. Investors widely expect the fed to cut rates at its september meeting, the first cut since march 2020 to the target federal funds rate, which only officially determines the overnight.
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