Fed Interest Rate Cut 2024 News. Jobs data leaves uncertainty around a 25bps or 50bps reduction. Federal reserve chair jay powell said friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth.
Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the. Washington cnn โ the federal reserve said wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling.
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