Federal Reserve meeting —
At its 18 September 2024 meeting, the Federal Reserve lowered its policy rate from 5.25–5.50% to 4.75–5.00%. The decision passed 11-1. Michelle Bowman dissented, preferring a cut.
Decision
cut — 5.25–5.50% to 4.75–5.00%
Vote: 11-1
Dissenters
- Michelle Bowman — preferred cut
Key passages
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low.
Inflation has made further progress toward the Committee’s 2 percent objective but remains somewhat elevated.
Meeting documents
Background reading
Previous meeting · Next meeting · Open the full decision workspace
The Cadence Brief
The one number that moved central bank pricing — delivered each weekday morning.