Fomc Meeting 2024 Live Updates

Fomc Meeting 2024 Live Updates. Chair jerome powell defends central bank's decision to go big with first cut. The federal reserve raised its benchmark rate by half a percentage point, as expected, in its latest attempt to quash inflation.

Updated wed, sep 18 20247:09 pm edt. Here are five key takeaways from wednesday’s federal open market committee rate decision and federal reserve chair jerome powell’s press conference:.