Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
🔵 CHICAGO AND NY FED DIRECTORS FAVORED DISCOUNT RATE CUT IN JULY Full Story → https://t.co/kPxZYmjIII Members of the boards of directors overseeing the Chicago and New York Federal Reserve banks voted in favor of lowering by a quarter percentage point the central bank’s…
FED DISCOUNT RATE MEETING MINUTES FOR JULY 22ND-31ST 2024 https://t.co/dToZpgLQ4n
Fed discount rate minutes: Chicago and New York directors favored cuts https://t.co/pe23CZzVIE
Minutes from the Federal Reserve's discount rate meeting held between July 22 and July 31, 2024, indicate that directors from the Chicago and New York Federal Reserve banks supported a reduction in the discount rate by a quarter percentage point. This decision reflects a consensus among these directors regarding the need for a rate cut to address economic conditions. The minutes highlight the ongoing discussions within the Federal Reserve regarding monetary policy adjustments.