Fed Rate Cut July 2024au

Fed Rate Cut July 2024au. The key to the july meeting is not what the fed does, but how chairman jay powell opens the door to rate cuts starting in september. The fed just lowered the target range of its federal funds rate by 50 basis points.

The federal reserve gave an important clue wednesday that it will likely cut its benchmark lending rate in the coming months. Central bank might have begun cutting interest rates in late july had it known that the labor market was cooling as fast as it has been, federal reserve chair.