It’s been a hectic year for the Federal Reserve as its members continued their strategic battle against inflation. Yahoo Finance Federal Reserve Reporter Jennifer Schoenberger highlights the three main defining moments of the central bank’s journey in 2024.
First, the persistent “higher for longer” interest rate environment defied market expectations despite initial predictions of six possible rate cuts. The second pivotal moment came during Federal Reserve Chairman Jerome Powell’s influential Jackson Hole speech, which subtly signaled possible upcoming rate cuts. Finally, the third historic event was the first September rate cut in more than four years.
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This post was written by Angel Smith