Us Fed Rate Cut 2024 News. 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. The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning.
The us federal reserve cut its benchmark interest rate by an unexpected 50 basis points (bps) on wednesday, a move that caught many by surprise. But she is a labor economist, and she was an influential voice at the table in.