Fed Decision 2024: No Relief in Sight for High Borrowing Costs
WASHINGTON, D.C. – The Federal Reserve is set to make its third interest rate decision of 2024 on Wednesday afternoon, but consumers should not expect immediate relief from high borrowing costs. Earlier this year, the majority of economists anticipated a rate cut at the May 1 meeting. However, due to shifting economic conditions and persistent inflation, experts now predict that the Fed will maintain its current rates. Wall Street analysts now project the first rate …