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2024
September
18
📰 🔸FED CUTS INTEREST RATE BY 50 BASIS POINTS
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📰 🔸FED CUTS INTEREST RATE BY 50 BASIS POINTS
September 18, 2024
Frank
🔸FED CUTS INTEREST RATE BY 50 BASIS POINTS
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📰 🔸FED PROJECTIONS IMPLY 50 BPS OF ADDITIONAL RATE CUTS IN 2024 FROM CURRENT LEVEL, 100 BPS MORE IN 2025 AND ANOTHER 50 BPS IN 2026
📰 🔸VOTE IN FAVOR OF POLICY WAS 11-1, WITH FED GOVERNOR BOWMAN DISSENTING; BOWMAN PREFERRED A 25-BASIS-POINT REDUCTION
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