DECEMBER 17

FED MEETING

DECISION

The Federal Reserve’s next meeting to discuss monetary policy, including potential interest rate cuts, is scheduled for December 17-18, 2024.

The Federal Reserve is considering another interest rate cut during its December 2024 meeting, following its recent reductions in response to slowing inflation and a weakening job market. The federal funds rate currently stands at 4.50%-4.75% after a 25-basis-point cut earlier this month. Analysts widely expect an additional 25-basis-point cut, which would lower the rate to 4.25%-4.50%.

Fed officials, including Minneapolis Fed President Neel Kashkari, support gradual rate reductions, emphasizing the importance of monitoring economic data closely before proceeding. Key factors influencing the decision include labor market strength and inflation progress toward the 2% target. The Fed is expected to deliberate its next steps during its December 17-18 meeting, guided by upcoming reports on inflation and employment.