Fomc Meeting 2024 March. Global markets, including those in asia, were on edge as investors awaited the outcome of the. Fed pencils in three rate cuts in 2024, shallower path beyond;
The board of governors of the federal reserve system voted unanimously to maintain the interest rate paid on reserve balances at 5.4 percent,. During the march 2024 fed fomc meeting, the chair of the federal reserve emphasised that the fed remains “fully committed” to achieving its 2% inflation but at this point, he does not think it is appropriate to reduce rates until the fomc is confident that “inflation is moving down sustainably” toward 2%.