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Federal Reserve Unveils 50 Basis Point Cut: Fed Funds Target Now at 4.75 to 5.00%
"The Federal Reserve acted as expected to lower the benchmark Fed funds rate for the first time in this cycle. Market observers had fully expected a rate cut going into the September 2024 meeting, but had been divided between a 1/4 point and a 1/2 point hike. The Fed chose to start with a larger move, which Federal Reserve Chairman characterized as a decisive recalibration towards a more neutral stance (as opposed a restrictive stance), lowering the rate by 50 basis points to a target of 4.75 to 5."
"The Federal Reserve acted as expected to lower the benchmark Fed funds rate for the first time in this cycle. Market observers had fully expected a rate cut going into the September 2024 meeting, but had been divided between a 1/4 point and a 1/2 point hike. The Fed chose to start with a larger move, which Federal Reserve Chairman characterized as a decisive recalibration towards a more neutral stance (as opposed a restrictive stance), lowering the rate by 50 basis points to a target of 4.75 to 5."
July 2024 Fed Meeting Ends With The Fed Funds Rate Still At 5.25% to 5.50%, But Treasury Yields Move Sharply Lower
"The Federal Reserve ended its July meeting by issuing a statement that adjusted its rate stance. Whereas the Fed had previously indicated that it was principally biased towards fighting inflation, its new statement indicates that there has been real progress towards its 2% target and that it is attentive to risks on both sides of the mandate (i.e., inflation and maximum employment). The shift to a neutral stance was well projected by Chairman Jerome Powell and the others on the Federal Reserve. It was also well anticipated. Only about 3% of "
"The Federal Reserve ended its July meeting by issuing a statement that adjusted its rate stance. Whereas the Fed had previously indicated that it was principally biased towards fighting inflation, its new statement indicates that there has been real progress towards its 2% target and that it is attentive to risks on both sides of the mandate (i.e., inflation and maximum employment). The shift to a neutral stance was well projected by Chairman Jerome Powell and the others on the Federal Reserve. It was also well anticipated. Only about 3% of "
