Rate Cuts 2024

Rate Cuts 2024. From december 2008 to present, the chart reflects the midpoint of the federal reserve's target range. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four.


Rate Cuts 2024

In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%.

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