[ad_1]
The Federal Reserve is planning to lower Interest rates by another half point before the end of 2024. The Central bank has two more policy meetings scheduled for November and December to make these adjustments. The Fed’s projections show a target fed funds rate of 4.4% by the end of the year, with further cuts expected in the following years. Fed Chairman Jerome Powell emphasized that the rate-cutting process will evolve over time. The recent rate cut marked the first since the early days of the Covid pandemic. The Committee expressed confidence in Inflation moving towards 2 percent and adjusted unemployment and Inflation projections accordingly.

[ad_2]
SOURCE