Get YE SHALL NUMBER NEWS REVIEW DECEMBER BoAeTeF, And Feds ...

In the long-term, the United States Fed Funds Interest Rate is projected to trend around 3.50 percent in 2025 and 3.25 percent in 2026, ing to our econometric models.

As you can see from the FOMC meeting calendar below, the committee meets eight times a year. These meetings last two days and conclude with the FOMC releasing its policy decision at 2 pm Eastern time.

The next Federal Open Market Committee (FOMC) meeting will be held on September 17-18, 2024.1 This is one of the key dates that investors, economists, and policymakers mark on their calendars.

The Federal Reserve announced that it's holding interest rates steady following its July 30-31 meeting, leaving the federal funds rate at a target range of 5.25 to 5.5 percent.

More newsworthy are the new economic projections from the Federal Open Market Committee, last updated at the March meeting. The Fed is now expecting a December 2024 federal-funds rate of 5.1%, implying one 0.25% cut from current levels. By contrast, in March the Fed called for a 4.6% rate, implying three rate cuts.

Key takeaways. In the aftermath of the post-coronavirus pandemic inflation surge, the Federal Open Market Committee (FOMC) raised interest rates 11 times in the span of about a year and a half, bringing the federal funds rate to a 23-year high of 5.25-5.5 percent.

The central bank announced in December that it expected to cut rates three times in 2024. However, stubborn inflation has now pushed that to just one move. Markets ended the day mixed despite the better-than-expected CPI inflation news, after the S&P and Nasdaq hit record intraday highs.

The Federal Reserve kept interest rates unchanged at the conclusion of today's policy meeting. The decision, which was widely expected, keeps the target range for the federal-funds rate at 5.25-5.50%. Officials see the central bank keeping monetary policy tighter next year than Wall Street had expected.