Fed Interest Rate Decision July 2024. As widely expected, the federal reserve held its key fed funds rate steady wednesday at a range of 5.25% to 5.5%, its highest since 2001, where it has stood since july 2023. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.
Market participants widely expect the fed will start cutting the fed funds rate in september, and they’ll be looking for the central bank to provide signals this week about the. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.
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