Fed Rate Cut September 2024 Date. The federal reserve will lower interest rates by 25 basis points at each of the u.s. Federal reserve policymakers on friday got fresh confirmation that inflation is continuing to ease, clearing the way for a first interest rate reduction next month as they shift.
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. Rate cuts by the fed should, over time, lower borrowing costs for mortgages, auto loans and credit cards, boosting americans’ finances and supporting more spending and.
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