Reported 20 days ago
The Federal Reserve announced it will cut interest rates two more times in 2024 after a significant 50 basis point reduction, bringing the rate to a range of 4.75%-5.0%. Updated projections indicate a possible drop to 4.4% by the end of 2024, while expectations for future cuts suggest a broader easing cycle as the Fed aims to stabilize prices and support employment amid moderating inflation.
Source: YAHOO