Fed Rate Cut September 2024 News . The rate cut, the first in more than four years, reflects the. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june.
Federal reserve officials agree that wednesday’s rate cut is unlikely to be their last. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four.
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Fed Rate Cuts 2024 Dates June Janna Loraine , The federal reserve lowered its benchmark interest rate by a half percentage point wednesday, an aggressive start to a policy shift aimed at bolstering the us labor market.