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Fed Ends July 2024 Meeting and Remains Unwilling to Lower Rates
"The Federal Reserve has finished its June 2023 meeting, leaving interest rates at a 5.25% to 5.50% target. While recent CPI numbers show that the pace of inflation has declined, the Fed is concerned that more progress needs to indicate a sustained move towards its 2% target. The Fed's decision to leave rates at current levels is guided by the fact that we have had a soft landing in the economy. While the labor market may be cooling, it isn't contracting. And, there are certainly areas "
"The Federal Reserve has finished its June 2023 meeting, leaving interest rates at a 5.25% to 5.50% target. While recent CPI numbers show that the pace of inflation has declined, the Fed is concerned that more progress needs to indicate a sustained move towards its 2% target. The Fed's decision to leave rates at current levels is guided by the fact that we have had a soft landing in the economy. While the labor market may be cooling, it isn't contracting. And, there are certainly areas "
Why Would the Federal Reserve Lower Interest Rates Now?
"Market expectations as we began 2024 were that the Fed would lower interest rates several times this year (beginning early in the year). Instead, inflation measures for January and February were elevated and the Fed has maintained the Fed funds rate at a 5.25% to 5.50% target. The most recent CPI indicators may show some progress on curbing inflation, but it much too early to say that we are heading back towards Jerome Powell 2% inflation target. Meanwhile, but the economy has performed exceptionally well through the beginning "
"Market expectations as we began 2024 were that the Fed would lower interest rates several times this year (beginning early in the year). Instead, inflation measures for January and February were elevated and the Fed has maintained the Fed funds rate at a 5.25% to 5.50% target. The most recent CPI indicators may show some progress on curbing inflation, but it much too early to say that we are heading back towards Jerome Powell 2% inflation target. Meanwhile, but the economy has performed exceptionally well through the beginning "
