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FED CUTS BENCHMARK RATE BY 50 BPS; VOTE 11-1

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FED CUTS BENCHMARK RATE BY 50 BPS; VOTE 11-1

FOMC: GOV BOWMAN DISSENTS IN FAVOR OF 25 BP CUT

MEDIAN PROJECTION FOR FED FUNDS RATE AT END-2024: 4.4%

MEDIAN PROJECTION FOR FED FUNDS RATE AT END-2025: 3.4%

7 OFFICIALS SEE 25BP MORE CUTS THIS YEAR, 9 SEE 50BP MORE

MEDIAN PROJECTION FOR FED FUNDS RATE AT END-2026: 2.9%

MEDIAN PROJECTION FOR FED FUNDS RATE AT END-2027: 2.9%

MEDIAN PROJECTION FOR LONGER RUN FED FUNDS RATE: 2.9%

MEDIAN FED OFFICIAL SEES U-RATE PEAK AT 4.4% IN 2024,25

FOMC: NO CHANGE TO QT PLANS

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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