Fed Rate Cuts 2024 News Google. But nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates. Why did the fed increase the interest rate?
The fed is expected to cut its benchmark rate to a range of 4.25% to 4.5% at its december meeting. The federal reserve said wednesday it would pause its aggressive rate hike campaign one more time, and signaled rate cuts are ahead in 2024.
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