It’s been a busy year for the Federal Reserve, as its members continue their strategic battle against inflation. Yahoo Finance Fed reporter Jennifer Schonberger highlights three defining moments of the central bank’s journey in 2024.
First, despite initial predictions that six rate cuts were possible, the continued “longer-term higher” interest rate environment has challenged market expectations. The second key moment came during Fed Chairman Powell’s influential Jackson Hole speech, which subtly hinted at the possibility of an imminent rate cut. Finally, the third milestone was the first rate cut in more than four years in September.
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The author of this article is angel smith
