Fed Rate Cut News 2024
Fed Rate Cut News 2024. 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 fed meets two other times this year.
The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. The 4.2% unemployment rate is projected to end 2024 at 4.4%, above the july forecast of 4%, the fed’s median estimate shows.
