At the Federal Reserve's most recent meeting on July 30th and 31st, 2024, they announced that interest rates will remain steady at 5.25% - 5.50%.
Despite June's inflation cooling to 3.0%, the Fed decided to keep rates steady after evaluating current economic conditions. Adopting a conservative approach, they opted to wait for more definitive economic signals before making any rate adjustments.
Maintaining steady rates opens the possibility for future reductions if inflation continues to decline. Such rate cuts could boost economic growth and stimulate activity in both the crypto and traditional financial markets. Investors are now adjusting their strategies based on the Fed's stable rate stance.
To learn more about how the Federal Reserve's interest rate decisions impact you, click below!
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