đşđ¸ FOMC BREAKDOWN: Hereâs everything that went down in todayâs Fed Rate Cuts.
âĄď¸ Fed cuts interest rates by 50 bps â first cut since 2020.
âĄď¸ Two more rate cuts are expected in 2024.
âĄď¸ One Fed governor dissented, favoring a 25 bps cut. This is the first dissent since 2005.
âĄď¸ Fed has "greater confidence" inflation is nearing 2%
âĄď¸ Fed is waiting for inflation data and jobs report for their decision on next cut.