Fed Meeting June 2024 Commentary. The federal reserve announced at its july federal open market committee (fomc) meeting that it will keep its benchmark interest rate unchanged at 5.25% to. Jerome powell, chairman of the us federal reserve, might drop a hint about a cut in september.

The fed does not yet have the confidence to lower rates, chief powell says. The fed’s latest economic projections show only one rate cut this year, down from three previously, as officials again hold rates steady before moving to ease.