Fed Holds Rates Steady, Notes “Progress” On Inflation 7/31/24
Jul 31, 2024•28 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target.
Central bankers made no obvious indications that a rate cut was imminent. Instead, they maintained that more progress is needed before cuts can happen.
We’ll break down what that means for both markets and your money, right up until Fed Chair Jerome Powell’s press conference.
For the best experience, listen in Metacast app for iOS or Android