How often does Fed update rates

The Federal Reserve typically meets eight times a year to assess economic conditions and adjust interest rates as needed. These decisions, influenced by inflation and employment data, play a crucial role in shaping the financial landscape.

When did the Fed cut rates in 2024

In 2024, the Federal Reserve made a pivotal decision to cut interest rates in response to evolving economic conditions. This strategic move aimed to stimulate growth and support struggling sectors, reflecting the Fed’s ongoing commitment to balancing inflation and employment.