Us Fed Rate Cut 2024 Lok

Us Fed Rate Cut 2024 Lok. The fed voted unanimously to maintain its benchmark interest rate between 5.25 and 5.50 per cent. London cnn — at the beginning of the year, federal reserve officials projected they would cut interest rates three times this year.

The fomc’s updated projections implied that the fed would deliver at least one rate cut before the end of 2024, two fewer than forecast in the committee’s march forecast. Read more about the implications of the fed’s latest decision.