2024

Fed Rate Cut News 2024 News

Fed Rate Cut News 2024 News. Fed to kick off rate cuts, signal next steps. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing.


Fed Rate Cut News 2024 News

The board of governors of the federal reserve system voted unanimously to lower the interest rate paid on reserve balances to 4.9 percent, effective september 19, 2024. Federal reserve delivered an oversized interest rate cut of 50 basis points, reflecting confidence in taming inflation but concern over the economy.

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