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Want to hear what Fed Chairman Jerome Powell has to say about the economy and the possibility of rate cuts this year? He’ll speak after the Fed wraps up its next meeting on Wednesday. Here’s how to tune in.
Where can you watch the FOMC conference?
The press conference is scheduled for 2:30 p.m. ET on July 31, 2024. You can watch the Fed’s press conference:
Be sure to also tune in to our live blog for up-to-date information on the Fed’s decision.
What to expect
The Fed is unlikely to initiate a rate cut at its July meeting, while most forecasts call for a cut at its September meeting. Instead, the Fed is widely expected to keep its benchmark rate at 5.25% to 5.5%, as it has done since last summer.
The federal funds rate affects the overnight interest rates that U.S. banks charge to borrow or lend money, which has a knock-on effect on the interest rates on your credit card, mortgage, high-yield savings account and other credit products.
The Federal Reserve meets eight times a year. Each time, it meets to set monetary policy based on factors such as inflation, spending, unemployment rates and the overall health of the U.S. economy.
