Us Rate Cuts 2024 Pdf. A number of federal reserve officials saw a case to reduce interest rates immediately in july, according to minutes released on wednesday from that month's policy meeting. Several federal reserveofficials acknowledged there was a plausible case for cutting interest rates at their july.
— though the vote was unanimous to hold rates last month at their 5.25% to 5.5% target range, “several” fomc officials said they would have supported a 25 basis point cut last month, indicating. Federal reserve bank of philadelphia president patrick harkersaid economic data in the coming weeks will help inform the appropriate magnitude of the us.
