Fomc Meeting June 2024 Summary

Fomc Meeting June 2024 Summary. The economic outlook and monetary policy. The fomc sets the federal funds target rate and makes other monetary policy decisions for the fed.

In a widely expected move, the federal open market committee (fomc) kept rates steady again in june, but the press conference left some lingering questions. This marks over a year and eight consecutive meetings since the committee last adjusted the target range, having raised it to the current level on july 26, 2023.