When Will The Fed Cut Interest Rates In 2024 In Us

When Will The Fed Cut Interest Rates In 2024 In Us. The federal reserve slashed interest rates aggressively wednesday, announcing the first rate cut since march 2020. The federal reserve cut its benchmark interest rate by half a percentage point on wednesday and signalled more reductions would follow, launching its first easing cycle since.

With inflation tamed, the fed has lowered borrowing costs for credit cards, loans, auto financing and mortgages. The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current 5.25% to 5.5%.