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Cryptoki🎩🔮⚡️
@lois1.eth
How many Fed rate cuts this year? The Federal Reserve has cut the federal funds rate by 50 basis points to a range of 4.75% to 5%, marking the first rate reduction in four years. This decision, made at the September 2024 FOMC meeting, reflects progress in easing inflation and concerns about a slowing labor market. The Fed has signaled potential further cuts, with projections indicating an additional 50 basis points in reductions by the end of 2024, and more cuts planned for 2025 and 2026.
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