Fed Meeting July 2024: Rates Remain Steady with Potential Cuts in September

Aug 02, 2024

Fed meeting july 2024

People interested in Finances need to know about the crucial actions and signals that the Federal Reserve made during its July 2024 meeting. The decision to keep its interest rate between 5.25% and 5.50% should be the main lesson learned. 

These choices show us how crucial it is to watch the outcome of the upcoming Fed meeting. The possibility of a rate cut by the Fed later in 2024 might affect financial planning and market tactics. Making wise decisions in the financial sector requires knowing the Fed’s current position.

Interest Rates Stay Unchanged 

During its July meeting, Fed interest rates 2024 at 5.25%–5.50% were maintained. This rate, sustained for over a year, is a 23-year high intended to control inflation rates in the USA. 

According to the FOMC announcement, inflation has decreased but is still relatively high. The word “somewhat” is included to convey a cautious hope for reducing inflation. This change in wording suggests that future changes will be made very carefully.

The market has been anticipating whether the Fed will cut interest rates in 2024 since the beginning of the year. These expectations have been moderated by the decision made in July to maintain current rates. At first, the financial markets responded with optimism, but by the end of the day, gains were just slight. The Nasdaq gained 2.64%, the S&P 500 gained 1.58%, and the Dow gained 0.24%. Ahead of the upcoming Fed meeting, market players are speculating about possible adjustments based on developing economic indicators.

Fed’s Dual Mandate and Current Economic Conditions

According to recent data, the CPI had a reduction in June, falling by 0.1% after remaining steady in May. This drop is notable because it shows that US inflation rates are beginning to moderate and are approaching the Federal Reserve’s 2% objective. The Fed may consider cutting interest rates in the future if inflation declines.

Nonetheless, the Fed must consider that the unemployment rate has increased to 4.1%. A cooling job market may be indicated by higher unemployment, which would affect the state of the economy as a whole. To prevent acts that could trigger a recession, the Fed must strike a balance in its attempts to control inflation.

Market Reactions and Predictions

A rate reduction in September is likely based on the outlook for the future. So, will the Fed lower interest rates in 2024? The answer is an 85% chance that they will. A rate cut may be implemented based on recent signals from the Fed and the latest economic statistics.

Experts offer diverse perspectives on this possible shift. Jerome Powell has hinted that a rate reduction may be imminent, indicating the Fed’s willingness to modify its policies as necessary. In anticipation of a more specific direction, market strategists and analysts will eagerly observe the upcoming Fed meeting. Whether or not the economy meets the Fed’s requirements for lowering interest rates will be the main point of interest.

Conclusion

These instances demonstrate how crucial it is that financial experts keep a careful eye on the next Fed meeting. The possible rate drop and its effect on market circumstances should be considered in strategies. The Fed’s policy stabilizes the economy by affecting market patterns and short-term projections.

Subscribe Our Newsletter

Apple Stock Drops Again After iPhone 16

Hazem

Apple Stocks Drop After Releasing iPhone 16: What’s Happening?

After announcing its new iPhone 16 and a lineup of wearables and devices, Apple stocks dropped over 1%. Check why and if you shall sell your holdings.

Companies
MetaMask Mastercard debit card

Hazem

MetaMask Mastercard Rolling out – Meet The New Crypto Debit Card

MetaMask announced a new debit card for selected markets and users, bridging crypto and fiat financial services. Here’s everything about the MetaMask Mastercard.

Banks and Finance
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Сonstantine

ICT Trading Explained: Smart Money Concepts, Tools and Setups
Many traders get stopped out just seconds before the market moves in their favor, and that’s not bad luck. ICT trading, developed by Michael J. Huddleston (Inner Circle Trader), reveals how institutional players engineer prices to trap the crowd and collect liquidity. This guide strips away indicators and noise, teaching you how to read the […]

discover
Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

Alexander

Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

The future of Artificial Intelligence (AI) is here, and it's driving innovation in exciting new ways. ChatGPT reached a milestone with 100 million monthly users – an impressive feat for a platform that was only launched two months prior.

Investing
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.