Federal Reserve delivers first US interest rate cut in 4 years
Important Headlines
- Fed’s Powell: No One Should Look At 50Bp Cut And Think ‘This Is The New Pace’
- We Don’t Think We Are Behind The Curve
- Today’s Decision Is A Sign Of ‘Our Commitment To Not Get Behind’
- We Have Been ‘Very Patient’ About Reducing Policy Rate, Others Have Cut
On Wednesday 18th September 2024, the federal reserve released the latest dot plot and lowered interest rates for the first time in 4 years by 50bps.
The next FOMC is scheduled on 7th November 2024, this is currently forecasted:
Federal officials also expect to cut rates by an additional 50bps this year.
Inflation has fallen since peaking in 2022, and this new era cycling of easing interest rates has began.
