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Will The Fed Cut Interest Rates In May 2024

Will The Fed Cut Interest Rates In May 2024. The federal reserve said wednesday it was keeping its key interest rate unchanged as it fights elevated inflation rates that have been pinching u.s. The widespread expectation is for a cut of 0.25 percentage point, or 25 basis points, to benchmark rates from the current range of 5.25% to 5.5%.


Will The Fed Cut Interest Rates In May 2024

Today, the fed funds target rate is 5.25% to. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more evidence that u.s.

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