Loading...
Market
What will the Federal Reserve decide on interest rates in the September 2024 meeting?
4
Resolution / Starting Odds
Increase • 25%
Decrease • 25%
No Change • 25%
Other • 25%
Official announcement from the Federal Reserve
Story
Federal Reserve Keeps Interest Rates Unchanged at 5.25%-5.50% for 8th Consecutive Time
Jul 31, 2024, 06:00 PM
The US Federal Reserve has decided to keep the federal funds rate unchanged at 5.25% to 5.50%, marking the eighth consecutive time the rate has been held steady. This decision aligns with market expectations, as the previous, forecasted, and actual rates were all at 5.50%. The current rate remains the highest since 2001. Economists had anticipated a unanimous decision to maintain the interest rates within this range. The Federal Open Market Committee (FOMC) meeting concluded with no indication of an imminent rate cut, despite ongoing market speculation.
View original story
Similar markets
Cut by 0.25% • 25%
Cut by 0.50% • 25%
No change • 25%
Increase • 25%
Cut by 0.25% • 25%
Cut by more than 0.25% • 25%
No change • 25%
Increase • 25%
Cut by 25 basis points • 25%
Cut by 50 basis points • 25%
No change • 25%
Raise rates • 25%
Rate Cut • 33%
Rate Hike • 33%
No Change • 34%
Increase rates • 25%
Cut rates by 75 basis points • 25%
Cut rates by less than 75 basis points • 25%
Maintain current rates • 25%
Rate cut • 33%
Rate hike • 33%
No change • 34%
Rate Cut • 25%
Rate Hike • 25%
No Change • 25%
Other • 25%
Increase rates • 25%
Decrease rates • 25%
Keep rates unchanged • 25%
Other • 25%
No Change • 25%
25 basis points cut • 25%
50 basis points cut • 25%
More than 50 basis points cut • 25%
Cut by 0.25% • 25%
Cut by 0.50% • 25%
Cut by 0.75% • 25%
No cut • 25%
Rate Cut • 25%
Rate Hike • 25%
No Change • 25%
Other • 25%
No change • 25%
25 basis point cut • 25%
50 basis point cut • 25%
Rate increase • 25%