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Fed Interest Rate Cuts 2024 Timeline

Fed Interest Rate Cuts 2024 Timeline. Federal reserve bank of minneapolis president neel kashkari said on monday more rate cuts likely lie ahead for the central bank as the 2% inflation target. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark.


Fed Interest Rate Cuts 2024 Timeline

72 rows the current federal funds rate as of october 04, 2024 is 4.83%. The federal open market committee (fomc) opted to go big with its first interest rate cut in four years, slashing the fed funds target by 50 basis points.

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