Interest Rates Are Headed Down Later in 2024, But Your Savings Account Interest Rate Should Not Have Fallen Yet "At the Fed’s March 2024 meeting Jerome Powell reaffirmed that the Fed is not cutting interest rates until it has further information and continued to guide towards three quarter-point cuts in the Fed Funds rate before the end of 2024. In the days that followed, the Treasury curve has contracted with interest rates on the 6-month coming in by about 8 basis points and on the 2-year by as much as 18 basis points.
But, overnight rates have remained the same and will be "
The Federal Reserve End March 2024 Meeting Again Holds Interest Rates at 5.25-5.50% Target "The Federal Reserve ended its March meeting leaving interest rates at their current target. The members unanimously indicated that they anticipate three quarter-point rate cuts before the end of 2024. Given that January and February inflation data was bumpy, Chairman Jerome Powell was non-committal on a timeline for the first cut. He said that the Fed will remain data-dependent and will not make any rate changes before its May or its June meeting. He also indicated that if inflation were to pick up dramatically, the Fed could still raise "