Fed Cut Interest Rates 2024 News . Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming. Updated 2:06 am pdt, may 13, 2024.
Fed officials have held interest rates at 5.3 percent since july, after raising them sharply from near zero starting in march 2022. Besides forecasting a dip in the federal funds rate to a range of 4.5% to 4.75% by yearโs end, fed policymakers.
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