Will Feds Lower Interest Rates In May 2024

Will Feds Lower Interest Rates In May 2024. Washington (ap) — the sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several federal. Under the new plan, the fed will reduce the monthly cap on treasurys to $25 billion from $60 billion.

During its may meeting, the federal reserve unanimously voted to hold policy rates steady for the sixth consecutive time, leaving the federal funds target rate. Interest rates are expected to move lower in 2024, according to the cme’s fedwatch tool, which measures the implied expectations of interest rate futures.