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| Name | Federal Reserve holds interest rates steady, lowers forecast to 1 rate cut in 2024 |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 12-06-2024 19:26:35 |
| Video Discription | Federal Reserve Chair Powell delivered remarks on interest rates and monetary policy on June 12, 2024. The Federal Reserve held interest rates at a 23-year high while scaling back its estimate of rate cuts this year to one from three previously. The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50% at the conclusion of its two-day policy meeting. The fed funds rate has been in this range since July 2023. Read more: https://finance.yahoo.com/news/federal-reserve-holds-interest-rates-steady-lowers-forecast-to-1-rate-cut-in-2024-180617337.html About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance Ca0jrJWqh4A |
| Category | News & Politics |
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