Fed Rate Cut Schedule 2024 Time. It’s a pivotal week for the us economy, with the federal reserve expected to cut interest rates for the first time since 2020. Rate cuts by the fed should, over time, lead to lower borrowing costs for mortgages, auto loans and credit cards, boosting americans’ finances and supporting.
The federal reserve announced at its may 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the. Today, the fed funds target rate is 5.25% to.
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