Experts Predict First Rate Reduction In Late 2024

Fed Holds Off on Rate Cuts Until Later in 2024

Experts Predict First Rate Reduction in Late 2024

Fed to Keep Interest Rates Steady on Wednesday

The Federal Reserve is likely to hold off on cutting interest rates until later in 2024, according to experts. The FOMC, the Fed's policy-making body, holds eight regularly scheduled meetings during the year, and other meetings as needed. Investors closely monitor these meetings for clues about the Fed's plans for interest rates.

The Fed is expected to keep its key interest rate steady on Wednesday, but economists will be listening for clues about the Fed's plans for the future. The Fed has raised interest rates 10 times since March 2022 in an effort to combat inflation. However, inflation remains high, and the Fed is likely to continue raising rates in the coming months.

The Fed's decision on interest rates will have a significant impact on the economy. Higher interest rates make it more expensive for businesses to borrow money, which can slow economic growth. However, higher interest rates can also help to reduce inflation by making it more expensive to buy goods and services.