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Fed Interest Rate Announcement 2024. Download, graph, and track economic data. Washington— the federal reserve kept its key interest rate unchanged again wednesday and scaled back its forecast from three rate cuts to just one this year.
After raising its key interest rate for nearly two years to tamp down growth and rising prices, economists expected the fed to cut the rate to bring it more in line. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.
