Next Fed Meeting 2024 Rate Hike. The federal reserve raised interest rates by a quarter of a point, its 10th straight increase, as inflation remains stubbornly high. An additional interest rate hike is all but inevitable, particularly with inflation stuck at 3.7%, above the fed's target goal.
โข the fed raised interest rates by a quarter point, as expected. Current consensus projects at least six 25 basis point interest rate hikes next year, according to the cme fed watch tool.
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