Fed Cuts Rates 2024 Today . Survey shows steeper 2025, 2026 rate path than fed saw in june; Besides forecasting a dip in the federal funds rate to a range of 4.5% to 4.75% by year’s end, fed policymakers.
The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since march. After the move was announced wednesday, federal reserve chair jerome powell.
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