Fed Holds Rates, Potential Cuts coming in 2024

Fed Holds Rates, Potential Cuts coming in 2024

Summary On Wednesday, July 31, 2024, the Federal Open Market Committee (FOMC) voted unanimously to hold the federal funds rate at a target range of 5.25–5.50%. This marks over a year and eight consecutive meetings since the Committee last adjusted the target range,...
Stable inflation opens door for potential Fed rate in September

Stable inflation opens door for potential Fed rate in September

Volume 202: Week Ending June 1, 2024 The PCE index increased by 0.3% last month, while the core rate, which excludes food and energy and is the Federal Reserve’s preferred measure, rose by a modest 0.2%. This marks the smallest gain since December 2023.The...