Fomc Meeting June 2024 Tapering Announcement. The federal reserve moved one step closer to the day when it will start slowing its massive monetary support for the us economy, following a meeting of policymakers that highlighted both the. Fomc foresees only one rate cut in 2024.

The federal open market committee (fomc) will issue a statement and announce its monetary policy rate decision on wednesday. There won’t be a new dot plot, but a majority would currently favor two 25 basis points (bps) rate cuts or less in 2024.