Fomc Meeting June 2024 Expectations

Fomc Meeting June 2024 Expectations. The fed signaled that rates could begin to decline in the future, but they will keep an eye on stubbornly high. Jerome powell, chairman of the us federal reserve, arrives to a news conference following a federal open market committee (fomc) meeting in washington, dc, us, on wednesday, march 22, 2023.

The federal open market committee is expected to hold interest rates steady at the conclusion of its next meeting on june 12, according to fixed income futures. The consumer price index, published by the bureau of labor statistics, increased 2.5% over the year from august 2023 to this past august, matching the forecast of 2.5% and below july’s 2.9% rate.