Reported 6 months ago
The Federal Reserve's next meeting is on June 11-12, 2024, where they will evaluate the economy and decide on the federal funds rate. Following past rate hikes to combat inflation, the Fed may now decide whether to maintain or lower the rate. These decisions impact consumer rates and provide insights into the overall economic health, influencing financial decisions. The FOMC convenes eight meetings annually, releasing economic indicators and policies that affect savings accounts, mortgages, and consumer finances.
Source: YAHOO