Us Fed Rate Cut 2024 Olympics. Washington (ap) โ federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on wall street, despite signs that inflation remained elevated at the start of the year. Treasury yields and the dollar index dropped following the report.
Officials held rates steady, but made an important pivot by highlighting a more equal focus on employment and inflation goals. Torsten slok, apollo globalโs chief economist, is maintaining his prior forecast that the fed wonโt cut rates at all this year.