Fed Signals 2024 Rate Cuts - What You Need to Know!
Big news from the Federal Reserve—they're not changing interest rates right now! This might wrap up their recent streak of rate increases and could even mean rate cuts down the line.
Right now, interest rates are locked between 5.25% and 5.5%, where they've been since July.
They've been taking their time to see if these rates are doing the trick to slow things down. And so far, it looks like they have. Prices have slowed their growth.
Even though prices have calmed down and economic forecasts are hopeful, the Fed's not relaxing just yet.
They're keeping a close watch on data to figure out if they need to make more changes and whether they can start decreasing rates in 2024.