Fed Rate Cut July 2024 News

Fed Rate Cut July 2024 News. The federal reserve will lower interest rates by 25 basis points at each of the u.s. Federal reserve officials left interest rates unchanged at their july meeting, as economists had expected, and hinted that recent progress in lowering inflation.

Looking at the fed’s summary of economic projections, rieder noted that fed officials penciled two more 25 basis point rate cuts this year, and another 100 basis. At 2:01 pm wednesday, right after the announcement that the fed had cut.