Will The Fed Cut Interest Rates In July 2024. The federal reserve open market committee is expected to cut interest rates at least once during its four remaining meetings of 2024. Federal reserve chair jerome powell on friday offered his.
The federal reserve cut interest rates by a quarter point thursday on the heels of the us presidential election earlier this week. It’s a process that takes some time, said powell, who spoke in a press conference following the fed’s decision to reduce its benchmark overnight interest rate to the 4.50%.