Fed Rate Cuts 2024 News Today Live

Fed Rate Cuts 2024 News Today Live. 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 borrowing. With the slowing labor market posing a growing risk to the economic expansion, fed officials opted for a bold approach to launch a projected flurry of rate cuts now that.

The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their. Washington— the federal reserve kept its key interest rate unchanged again wednesday and scaled back its forecast from three rate cuts to just one this year after an.