Fed Rate Cut Schedule 2024

Fed Rate Cut Schedule 2024. With inflation easing, the federal reserve announced a 50 basis point cut to its benchmark interest rate on wednesday — the first reduction in borrowing costs since march. Today, the federal open market committee decided to reduce the degree of policy restraint by lowering.

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. On november 7, the federal open market committee is expected to again lower interest rates after an initial cut on september 18.