Fed Interest Rate Meeting 2024

Fed Interest Rate Meeting 2024. Federal reserve holds steady on rates in july, points to ‘some further progress’ on inflation. Inflation still elevated, with progress merely ‘modest’

Federal reserve officials left interest rates unchanged and signaled that they are wary about how stubborn inflation is proving, paving the way for a longer period. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.