Fed Lowering Interest Rates September 2024

Fed Lowering Interest Rates September 2024. The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease. 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.

The median view of the fed members who set interest rate policy now sees another 50 basis points of cuts this year and another 100 basis points, or 1 percentage point,. The federal reserve will lower interest rates by 25 basis points at each of the u.s.