Will Fed Cut Rates In 2024

Will Fed Cut Rates In 2024. Federal reserve officials left interest rates unchanged at their july meeting, as economists had expected, and hinted that recent progress in lowering inflation could. The fed has been 'shaken' from its path by a softening labor market, and will deliver steeper rate cuts as a result, jpmorgan says.

Federal reserve officials kept interest rates at 5.3 percent and projected they would lower borrowing costs in 2024 as the fed chair struck a watchful tone. The fed meets two other times this.