Fed Rate Cut July 2024. How much could interest rates be cut in 2024? While officials are expected to maintain the benchmark interest rate at the comparatively high 5.25% to 5.5% range approved in july of 2023, further progress on.
The fed’s first rate cut of 2024 could come next month if the labor market slows. Federal reserve officials said wednesday that while there are signs the economy is slowing, the fed was not yet ready to cut its key interest rate.
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