FOMC Signals Shift: Rate Cuts Expected for Remainder of 2024 The Federal Open Market Committee (FOMC) is expected to cut interest rates in its remaining three meetings of 2024, responding to easing inflation and a softening labor market. FOMC policymakers, including Chair Jerome Powell, have signaled a shift towards less restrictive monetary policy. Markets anticipate steady rate cuts through 2025, potentially ending around 3%, though medium-term projections remain uncertain. The key questions now focus on the magnitude of rate cuts and the level at which the FOMC would consider policy no longer restrictive. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Retreats to Weekly Low amid Strong Job Data and Powell's Comments READ MORE Consumer Sentiment Dips to 8-Month Low Despite Easing Inflation Expectations READ MORE Pandemic Savings Depleted: Economic Uncertainty Looms as American Debt Rises READ MORE 97% of Salaries Have Failed to Keep Up with Inflation Over Past 5 Years READ MORE Asda Report Highlights Significant Rise in British Families' Disposable Incomes READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment