Fed Rate Cut 2024. Are interest rates expected to go down in 2024? For instance, a year after the fed cut rates in july 1995, the unemployment rate was unchanged at 5.5%.
Washington (ap) — federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on wall street, despite signs that inflation remained elevated at the start of the year. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was moderating and the.
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