The Federal Reserve, after meeting for two days during a policy meeting, has determined that in the coming year they will cut interest rates at least 3 times. Currently, the borrowing rates are 5.25% – 5.5% where this rate had been held steady since July 2023.<\/p>\n\n\n\n
From what Jerome Powell stated is, interest rate is too high and bringing down the interest rate is not assured, and the path forward is uncertain. They are trying to gather more data to see the next step in beginning to reduce policy rating. They would like to see more evidence that inflation is reducing. This way, they can take the next step in policy rates before they can even think about reducing interest rates. The Federal Reserve Jerome Powell stated that they want to see inflation reduction to lower at or around to 2%. Although in the past year, interest rates have been lowered, they need more evidence to build confidence that inflation is moving down sustainably toward their 2% goal. Clearly, Jerome Powell laid out what his thoughts are and what is expected to lower interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Federal Reserve, after meeting for two days during a policy meeting, has determined that in the coming year they will cut interest rates at least 3 times. Currently, the borrowing rates are 5.25% – 5.5% where this rate had been held steady since July 2023. From what Jerome Powell stated is, interest rate is too high and bringing down the interest rate is not assured, and the path forward is uncertain. They are trying to gather more data to see the next step in beginning to reduce policy rating. They would like to see more evidence that inflation is…<\/p>\n","protected":false},"author":1,"featured_media":2445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8],"tags":[20],"class_list":["post-2444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/posts\/2444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/comments?post=2444"}],"version-history":[{"count":9,"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/posts\/2444\/revisions"}],"predecessor-version":[{"id":2457,"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/posts\/2444\/revisions\/2457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/media\/2445"}],"wp:attachment":[{"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/media?parent=2444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/categories?post=2444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pongpin.com\/blog\/wp-json\/wp\/v2\/tags?post=2444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}