Fed Lowering Interest Rates 2024 News . Earlier, inflation data for may came in cooler than expected. Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years.
The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more evidence that u.s. The federal reserve was about to cut interest rates, turning the corner after a long fight with inflation.
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