Fed 2024 Rate Cuts

Fed 2024 Rate Cuts. Powell laid out the case to lawmakers earlier in the week, telling them the fed need not focus. Fed officials have been holding borrowing costs at 5.3 percent, the highest level.

The inflation report likely cements the case for a rate cut at the fed’s sept. Federal reserve officials left interest rates unchanged at their july meeting, but the head of the central bank made it clear that recent progress in lowering inflation could enable.