Fed Meeting June 2024 Commentary

Fed Meeting June 2024 Commentary. Several federal reserveofficials acknowledged there was a plausible case for cutting interest rates at their july. Jerome powell during a news conference following a federal open market committee meeting in washington, dc on june 12.

The federal reserve said wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer rate cuts than previously estimated. This decision marks the seventh consecutive meeting at which policymakers have opted to hold rates steady and keeps the federal funds rate at.