Will The Fed Cut Interest Rates Again In 2024. “the time has come” for interest rate cuts, according to federal reserve chair jay powell’s message at the annual jackson hole economic symposium in late august. Fed cuts interest rates by half a point, marking first trim since 2020.
Last month, the fed lowered its target rate to between 4.75% and 5% in recognition of easing inflation pressures and rising risks to the job market, and penciled in. The s&p 500 and nasdaq fell more than 0.5%, while the dow jones industrial average lost over 200 points.
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