Are The Feds Lowering Interest Rates In 2024

Are The Feds Lowering Interest Rates In 2024. With both the jobs picture and inflation softening, the central bank’s federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points,. Federal reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according.

For now, fed policymakers voted unanimously to keep their benchmark rate between 5.25 and 5.5%, where it’s been for the last year. Several policymakers have said the fed should continue lowering rates from current levels, which they view as having a restraining effect on the economy, given a cooldown in.