Fed Interest Rate Cuts 2024. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing rate to a range of 5.25%. This visualization from our 2024 global forecast series uses data from the federal reserve to chart past interest rate cut cycles and visualizes forecasts by top banks and institutions on when they expect the first rate cut of 2024 and.
Wall street’s benchmark index hit its highest in almost two years after federal reserve chair jay powell sent his clearest signal that the us central bank would begin cutting rates in 2024. The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as.
