Fed Rate Cut September 2024

Fed Rate Cut September 2024. The federal reserve lowered its key interest rate by a hefty half percentage point wednesday, moving ahead with its first rate cut in four years and cheering. 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.

Here’s a look at what could happen to the economy in terms of the labor market, inflation and the likelihood of a recession now that the fed has lowered its sky. It’s a pivotal week for the us economy, with the federal reserve expected to cut interest rates for the first time since 2020.