Fed Signals Rate Cuts Are Coming in 2024. Here's What That Means For You
The US Federal Reserve just gave its clearest signal yet that rate cuts are coming.
At the central bank’s meeting Wednesday, Chair Jerome Powell said his focus now is deciding when to reduce benchmark interest rates in 2024. That ignited a cross-asset rally, sending global share prices higher and the yield on 10-year US Treasuries dipped below 4% for the first time since August.
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Valentine Belue
Update: 2024-08-11