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 Housing Costs Drive a Wedge Between Fed’s and Popular Inflation Metrics READ MORE Zimbabwe's ZiG: ZiG Used to Pay for 40% of Transactions READ MORE President Biden Announces Plans for Student Debt Relief for Over 30 Million Americans READ MORE Zimbabwe Eyes Gold-Backed Currency to Fortify Financial Stability READ MORE Powell to Defend Fed's 'Higher-for-Longer' Rate Policy in Congressional Testimony READ MORE Add a Comment Cancel replyYour email address will not be published.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