Karyl Beverley

Fomc Meeting June 2024 Market Reaction. The first step to tracking if mortgage rates will go down, is checking to see if the consumer price index (cpi) has decreased. The s&p 500 is soft going into the fomc meeting, which usually indicates a rally to follow.

This decision marks the seventh consecutive meeting at which policymakers have opted to hold rates steady, keeping the federal funds rate at the highest target range in 23 years. The manager turned first to a review of developments in financial markets.