Benzinga
  • 3 months ago
The Federal Reserve signaled a potential half-point interest rate cut before the end of 2024, with two meetings scheduled in November and December. The Fed's dot plot indicated the benchmark fed funds rate will fall to 4.4% by year-end, with further cuts projected in 2025 and 2026. Interest rates will reach 3.4% in 2025 and 2.9% by 2026. The Fed expressed increased confidence that inflation is steadily approaching 2%, with risks to its employment and inflation targets seen as balanced.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02The Federal Reserve signaled a potential half-point interest rate cut before the end of 2024,
00:07with two meetings scheduled in November and December.
00:10The Fed's dot plot indicated the benchmark Fed funds rate will fall to 4.4 percent by
00:15year-end, with further cuts projected in 2025 and 2026.
00:20Interest rates are forecasted to reach 3.4 percent in 2025 and 2.9 percent by 2026.
00:26The Fed expressed increased confidence that inflation is steadily approaching 2 percent,
00:31with risks to its employment and inflation targets seen as balanced.
00:34For all things money, visit Benzinga.com.

Recommended

2:59
I
Up next
Federal Reserve Raises Interest Rates by a Quarter of a Percentage Point
TIME
0:48
October CPI Up 0.2%, Annual Rate at 2.6% and in Line with Wall Street Estimates. Here's How It Could Impact The Fed's Rate Cut Policy.
Benzinga
0:36
Federal Reserve Slashes Rate Cut Projections for 2024, Reducing Expectations from Three to One
Benzinga
0:53
Federal Reserve Raises Interest Rates to Highest Level in Over 22 Years
Benzinga
1:31
Federal Reserve Announces Pause On Rate Hikes Amid Easing Inflation
Wibbitz Top Stories
0:32
Inflation Rate Nears Fed's 2% Target In September Following Rate Cuts
Benzinga
0:37
Federal Reserve Maintains Interest Rates, Citing 'Lack of Progress.' Sees Future Rate Hikes 'Unlikely.'
Benzinga
2:25
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future
Arirang News
0:58
Interest rates just went up 0.5%! #shorts
Bullish Studio
0:32
Bank Of England Holds Rates Steady Amid Federal Reserve's 50-Basis-Point Rate Cut
Benzinga
0:31
Odds Of Fed Rate Cut In December Rise, With 'Skip' In January, Following 0.25% Rate Cut
Benzinga
0:45
PCE Inflation Rises 0.2% In October, Hitting 2.3% Annually, As Core Inflation Matches Forecasts At 2.8%
Benzinga
1:42
US Federal Reserve raises rates to 22-year-high as it continues fight against inflation
euronews (in English)
0:31
Interest Rate Increases Will Hinge on Data, Powell Says
Benzinga
0:34
U.S. Bonds Sell-Off Mirrors Alan Greenspan's 1995 Soft Landing As Two-Year Yields Surge
Benzinga
0:38
Fed Announces 0.25% Rate Cut As Inflation Eases To 2% Target
Benzinga
0:38
Fed Chair Powell Stresses Caution on Interest Rate Cuts, Stresses Need for Confidence in Inflation Trend Before Rate Cuts
Benzinga
0:30
Fed Raises Interest Rates
Benzinga
0:58
US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday's Fed Meeting
Benzinga
0:33
Fed Expected to Keep Interest Rates High as Optimism Remains High for September Rate Cuts
Benzinga
1:31
Key Inflation Rate Hits Lowest Annual Level in Almost 2 Years
Wibbitz Top Stories
0:30
CPI Rises 0.2% in August Driven by Housing Costs. Inflation Hits Lowest Since 2021.
Benzinga
1:31
Mortgage Rates Continue to Fall, Raising Hopes of the Fed Cutting Rates
Wibbitz Top Stories
0:33
Inflation slows down to 2.6% in February 2020
rapplerdotcom
0:40
U.S. Economy Surpasses Expectations with 3% GDP Growth in Q2. Inflation Remains Above Target, But Far from Pandemic Highs.
Benzinga