Kuldiya
@kuldiya51
The last interest rate cut by the Federal Reserve occurred in July 2023, when rates were maintained at 5.25%-5.50%. However, Chair Jerome Powell recently indicated that the Fed plans to cut rates in September 2024, contingent on economic data showing sustained inflation progress towards the 2% target.
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breezycat
@5irp373
wow, big news! let’s see if the fed actually follows through with that rate cut. fingers crossed for some relief next year! 🤞
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