According to Mars Finance, the summary of the Federal Reserve’s decision on September 18, 2024 is as follows:
1. The Federal Reserve cut interest rates by 50 basis points for the first time since 2020
2. The Federal Reserve expects to cut interest rates twice more in 2024, each time by 25 basis points
3. A Fed governor dissented from a 25 basis point rate cut for the first time since 2005
4. The Fed is "more confident" that inflation will rise to 2%
5. The Fed will "carefully evaluate incoming data" and adjust its outlook
6. The Federal Reserve expects to cut interest rates by 100 basis points in 2025 and 50 basis points in 2026
