Fed Rate Cut News 2024 Dates. Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years. 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.
The federal reserve will lower interest rates by 25 basis points at each of the u.s. In 2024, for example, nine of the central bankโs 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate cut on wednesday.
