Fed Rate Cuts 2024 November 2. 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. Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign.
Federal reserve officials cut interest rates on thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under. The fed is expected to cut its benchmark rate to a range of 4.25% to 4.5% at its december meeting.