Next Fed Meeting July 2024 2024. See details below for users of different types of calendars. The federal reserve announced at its june 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%.
Traders in derivative markets see only a 14% chance of a rate cut in july, but it’s just above 50% for september. The personal consumption expenditures index climbed 2.5 percent, still more than the fedโs 2 percent target, as price increases take time to come down.