Fed Rate Cuts 2024. Itโs a pivotal week for the us economy, with the federal reserve expected to cut interest rates for the first time since 2020. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was moderating and the.
โif the economy performs as expected, that would mean two more cuts this year,โ both by a quarter. Federal reserve officials were divided over how much to lower interest rates in september, minutes from their last meeting showed, although most officials.