FED MEETING SUMMARY for 8/21/24 (everything you need to know)

by  TonyLiberty

FED MEETING SUMMARY for 8/21/24 (everything you need to know):

1. Most members support a rate cut for July’s meeting.
2. The majority see a September rate cut as highly likely.
3. Concerns were raised over the rising unemployment risks.
4. The outlook for economic growth in the second half of 2024 was downgraded.

Here are the minutes:

https://www.federalreserve.gov/monetarypolicy/fomcminutes20240731.htm