Fed Rate Cuts 2024 Reddit News Today. With inflation sticking at a level above their 2% target, federal reserve officials are downgrading their outlook for interest rate cuts. Lately, the reasoning for ensuing rate cuts seems to be “because they can”.

With the slowing labor market posing a growing risk to the economic expansion, fed officials opted for a bold approach to launch a projected flurry of rate cuts now that. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing.