Fed Predicts 0.5% Rate Cut by End of Year: SEO Forecast
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.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.