Fed Rate Cut July 2024 Lok. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more. With inflation approaching the fed's 2% target and some signs of an economic slowdown, policymakers have made it clear the time has come to start reducing the federal funds.
The central bank emphasized the softening job market, reinforcing expectations that it could. The fed’s first rate cut of 2024 could come next month if the labor market slows.
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