Fed Cut Rates 2024. 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. Price increases slowed more sharply than expected in june, adding to signs that high inflation has abated and boosting hopes that the federal reserve will cut interest rates.
Federal reserve officials left interest rates unchanged at their july meeting, as economists had expected, and hinted that recent progress in lowering inflation could enable. Powell laid out the case to lawmakers earlier in the week, telling them the.